{"id":66283,"date":"2026-02-06T02:00:43","date_gmt":"2026-02-06T07:00:43","guid":{"rendered":"https:\/\/www.tradestation.com\/insights\/?p=66283"},"modified":"2026-02-18T13:36:49","modified_gmt":"2026-02-18T18:36:49","slug":"blue-owl-puts","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/","title":{"rendered":"Options Alert: Puts Are Surging in Blue Owl"},"content":{"rendered":"<p>Blue Owl Capital has been skidding lower, and options traders could see more downside risk.<\/p>\n<p>This large transaction was detected yesterday in the asset-management firm, known for actively financing data centers:<\/p>\n<ul>\n<li>20,000 February 15 puts traded for $4.20.<\/li>\n<li>35,000 April 13 puts traded for $2.40.<\/li>\n<\/ul>\n<p>Both blocks crossed at exactly the same time and were far bigger than any other transactions. Volume was below open interest in the February 15s but not the April 13s. Those points suggest an existing position was closed and rolled to the lower strike.<\/p>\n<p><a href=\"https:\/\/www.tradestation.com\/insights\/2024\/05\/12\/the-basics-of-options\/\">Puts<\/a> fix the price where a security can be sold. They often appreciate when stocks lose value, which may have been the case with Thursday\u2019s transactions.<\/p>\n<p>The trader could have entered the session with profits in the February 15s. He or she may have sold the contracts to avoid assignment next Friday, February 20, and moved two months into the future.<\/p>\n<p>Making the adjustment would have cost roughly nothing given the different prices and sizes. However, downside leverage would increase because the number of puts nearly doubled.<\/p>\n<div id=\"attachment_66282\" style=\"width: 1930px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-66282\" class=\"size-full wp-image-66282\" src=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/OWL_20260205.jpg\" alt=\"\" width=\"1920\" height=\"918\" srcset=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/OWL_20260205.jpg 1920w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/OWL_20260205-300x143.jpg 300w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/OWL_20260205-1024x490.jpg 1024w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/OWL_20260205-768x367.jpg 768w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/OWL_20260205-1536x734.jpg 1536w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/OWL_20260205-1080x516.jpg 1080w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><p id=\"caption-attachment-66282\" class=\"wp-caption-text\"><em>Blue Owl (OWL), daily chart, with select patterns and indicators.<\/em><\/p><\/div>\n<p>OWL fell 3.6 percent to $11.63 yesterday despite earnings and revenue beating estimates. The company has lost about half its value in the past year as investors worry a potential slowdown in AI investment could hurt business.<\/p>\n<p>While not usually an active underlier, options volume has surged in OWL recently as AI worries spread. Puts have driven most of the increase and accounted for 82 percent of the total yesterday, according to TradeStation data.<\/p>\n<div>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n<\/div>\n<p><em>Options trading is not suitable for all investors. Your TradeStation Securities\u2019 account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See\u00a0<a href=\"https:\/\/www.theocc.com\/Company-Information\/Documents-and-Archives\/Options-Disclosure-Document\">www.TradeStation.com\/DisclosureOptions<\/a>. Visit\u00a0<a href=\"http:\/\/www.tradestation.com\/Pricing\">www.TradeStation.com\/Pricing<\/a> for full details on the costs and fees associated with options.<\/em><\/p>\n<p><em>Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the\u00a0Margin Disclosure Statement at\u00a0<a href=\"https:\/\/uploads.tradestation.com\/uploads\/margin-disclosure-statement.pdf\">www.TradeStation.com\/DisclosureMargin<\/a><\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blue Owl Capital has been skidding lower, and options traders could see more downside risk.<\/p>\n","protected":false},"author":39,"featured_media":66281,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[83,14,13,30],"tags":[1418],"class_list":["post-66283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial","category-options","category-stocks","category-technology","tag-owl","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Options Alert: Puts Are Surging in Blue Owl<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Options Alert: Puts Are Surging in Blue Owl\" \/>\n<meta property=\"og:description\" content=\"Blue Owl Capital has been skidding lower, and options traders could see more downside risk.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeStation\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-06T07:00:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-18T18:36:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/bear_70925538_BTT.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"David Russell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Options Alert: Puts Are Surging in Blue Owl\" \/>\n<meta name=\"twitter:description\" content=\"Blue Owl Capital has been skidding lower, and options traders could see more downside risk.\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeStation\" \/>\n<meta name=\"twitter:site\" content=\"@TradeStation\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Russell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/\",\"url\":\"https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/\",\"name\":\"Options Alert: Puts Are Surging in Blue Owl\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/bear_70925538_BTT.jpg\",\"datePublished\":\"2026-02-06T07:00:43+00:00\",\"dateModified\":\"2026-02-18T18:36:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/#primaryimage\",\"url\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/bear_70925538_BTT.jpg\",\"contentUrl\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/bear_70925538_BTT.jpg\",\"width\":1920,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tradestation.com\/insights\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Options Alert: Puts Are Surging in Blue Owl\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#website\",\"url\":\"https:\/\/www.tradestation.com\/insights\/\",\"name\":\"Market Insights\",\"description\":\"Fresh market commentary and actionable trade ideas.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tradestation.com\/insights\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4\",\"name\":\"David Russell\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg\",\"caption\":\"David Russell\"},\"description\":\"David Russell is Global Head of Market Strategy at TradeStation. Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories \u2013 especially those overlooked by other commentators. He\u2019s also a big fan of generating leverage with options to limit capital at risk.\",\"url\":\"https:\/\/www.tradestation.com\/insights\/author\/drussell\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Options Alert: Puts Are Surging in Blue Owl","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/","og_locale":"en_US","og_type":"article","og_title":"Options Alert: Puts Are Surging in Blue Owl","og_description":"Blue Owl Capital has been skidding lower, and options traders could see more downside risk.","og_url":"https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/","og_site_name":"Market Insights","article_publisher":"https:\/\/www.facebook.com\/TradeStation\/","article_published_time":"2026-02-06T07:00:43+00:00","article_modified_time":"2026-02-18T18:36:49+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/bear_70925538_BTT.jpg","type":"image\/jpeg"}],"author":"David Russell","twitter_card":"summary_large_image","twitter_title":"Options Alert: Puts Are Surging in Blue Owl","twitter_description":"Blue Owl Capital has been skidding lower, and options traders could see more downside risk.","twitter_creator":"@TradeStation","twitter_site":"@TradeStation","twitter_misc":{"Written by":"David Russell","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/","url":"https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/","name":"Options Alert: Puts Are Surging in Blue Owl","isPartOf":{"@id":"https:\/\/www.tradestation.com\/insights\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/#primaryimage"},"image":{"@id":"https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/#primaryimage"},"thumbnailUrl":"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/bear_70925538_BTT.jpg","datePublished":"2026-02-06T07:00:43+00:00","dateModified":"2026-02-18T18:36:49+00:00","author":{"@id":"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4"},"breadcrumb":{"@id":"https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/#primaryimage","url":"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/bear_70925538_BTT.jpg","contentUrl":"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/bear_70925538_BTT.jpg","width":1920,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/www.tradestation.com\/insights\/2026\/02\/06\/blue-owl-puts\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.tradestation.com\/insights\/"},{"@type":"ListItem","position":2,"name":"Options Alert: Puts Are Surging in Blue Owl"}]},{"@type":"WebSite","@id":"https:\/\/www.tradestation.com\/insights\/#website","url":"https:\/\/www.tradestation.com\/insights\/","name":"Market Insights","description":"Fresh market commentary and actionable trade ideas.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.tradestation.com\/insights\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4","name":"David Russell","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg","caption":"David Russell"},"description":"David Russell is Global Head of Market Strategy at TradeStation. Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories \u2013 especially those overlooked by other commentators. He\u2019s also a big fan of generating leverage with options to limit capital at risk.","url":"https:\/\/www.tradestation.com\/insights\/author\/drussell\/"}]}},"_links":{"self":[{"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/posts\/66283"}],"collection":[{"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/comments?post=66283"}],"version-history":[{"count":2,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/posts\/66283\/revisions"}],"predecessor-version":[{"id":66352,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/posts\/66283\/revisions\/66352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/media\/66281"}],"wp:attachment":[{"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/media?parent=66283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/categories?post=66283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/tags?post=66283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}