$BLK Earnings Miss - Bearish Options Activity
BLK Missed on earnings and revenue estimates yesterday. Technically the stock looks to be in a clear downtrend since peaking in January 2018. Will be looking for a weekly close this week at or below the 200d ema line - approximately $412. Targeting $340-$350 range by mid to late March.Also of note, some bearish options activity this morning after the earnings miss yesterday with about 3k $400/$420 strike April put options traded vs combined OI of about 650 for a total premium of 6M.
Note: Informational analysis, not investment advice.
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