Significant Options Activity on Thursday: C, SWBI, BLK
Smith & Wesson Options Trading: Smith & Wesson Brands Inc (SWBI) experienced significant options trading with 2,936 contracts, particularly for the $8 strike put option expiring December 19, 2025, which saw 1,171 contracts traded.
Blackrock Options Trading: Blackrock Inc (BLK) also had notable options activity, with 3,695 contracts traded, especially for the $1040 strike call option expiring December 05, 2025, which had 471 contracts traded.
Trading Volume Comparison: The options trading volumes for both companies represented over 60% of their average daily trading volumes over the past month, indicating heightened investor interest.
Further Information: For more details on available expirations for options related to SWBI, BLK, or other companies, StockOptionsChannel.com can be visited.
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- Increased Pressure on Software Sector: The introduction of new AI tools by Anthropic has triggered a sell-off in software data provider shares, intensifying uncertainty in the private credit market, particularly regarding lending risks to software companies.
- Decline in Asset Management Stocks: Ares Management fell over 12%, Blue Owl Capital dropped more than 8%, and KKR and TPG saw declines of nearly 10% and 7%, respectively, reflecting investor concerns about AI's potential impact on cash flows and default risks.
- Rising Default Risks: UBS Group has warned that in an aggressive disruption scenario, default rates in U.S. private credit could rise to 13%, significantly higher than the projected stress for leveraged loans and high-yield bonds, estimated at 8% and 4%, respectively.
- Liquidity Issues Intensified: Although strains in private credit predate AI concerns, Jeffrey C. Hooke noted that existing liquidity and loan extension issues have been exacerbated by recent developments, adding new challenges to an already pressured sector.
- Institutional Investment Surge: Vanguard Group added 1.2 million shares in December, a 2.5% increase; BlackRock raised its stake by 6.9% as of September 30, 2025, while Bank of America and Morgan Stanley increased their positions by 9.8% and 11.21%, respectively, indicating strong institutional confidence in UiPath.
- Significant Revenue Growth: In Q3 of fiscal 2026, UiPath reported revenue of $411 million, a 16% year-over-year increase, with annual recurring revenue (ARR) hitting $1.78 billion, up 11%, showcasing robust performance in the SaaS sector.
- Expanding Customer Base: The number of customers with ARR over $100,000 grew by 12% to 2,506, while those exceeding $1 million increased by 10% to 333, reflecting UiPath's appeal and market penetration among high-value clients.
- Strong Cash Flow and Debt Position: The company saw free cash flow rise by 8.2% to $25.11 million, with a net cash position of $744.1 million and total debt of only $82 million, indicating solid financial health despite not yet achieving net profitability, suggesting strong future growth potential.
- Expense Ratio Difference: IAU's expense ratio stands at 0.25%, significantly lower than GLD's 0.40%, which provides a cost advantage for long-term holders of IAU, thereby enhancing their investment returns.
- Assets Under Management: GLD manages $173.3 billion in assets, far exceeding IAU's $80.2 billion, indicating GLD's dominant market position, although IAU is more attractive in terms of fees.
- Historical Drawdown Comparison: Over the past five years, IAU and GLD experienced maximum drawdowns of 20.93% and 21.03% respectively, showing similar risk levels, suggesting that investors may consider other factors in their selection.
- Investor Choice Considerations: While both funds exhibit similar performance, IAU's lower expense ratio may attract more cost-conscious investors, whereas GLD's larger asset base provides it with greater market recognition.
- Impact of ETFs on Bitcoin: Exchange-traded funds (ETFs) have significantly benefited Bitcoin over the past two years.
- Potential Risks: A continued decline in Bitcoin's price could lead ETFs to become detrimental rather than beneficial.
- Stock Performance Decline: Since its debut on the NYSE in September 2021, Archer Aviation's shares have plummeted by 26%, indicating market concerns about its future prospects, which could adversely affect investor confidence and the company's ability to raise funds.
- BlackRock Increases Stake: According to a recent 13G filing, BlackRock, the world's largest asset manager, has raised its ownership in Archer to 8.1%, which, while not indicating direct operational influence, shows sustained interest in the stock.
- Investment Attractiveness Analysis: Archer is viewed as an asymmetric investment; despite facing regulatory approval and capital management risks, partnerships with high-profile companies like Palantir and Nvidia may provide support for future growth, attracting strategic investors.
- Market Expectations and Risks: Analysts set a target price of about $12 for Archer, suggesting a potential upside of 71% from current levels, but due to the lack of actual business results, investors should approach with caution and avoid blindly following BlackRock's investment decisions.
- Bitcoin Price Drop: Bitcoin has fallen to a 52-week low, surpassing the slump during the tariff-induced market sell-off in April 2025, indicating a weakening confidence in the cryptocurrency market that may affect investor holdings.
- ETF Underperformance: The iShares Bitcoin Trust ETF has also hit a 52-week low, with current net assets around $67 billion, reflecting a cautious investor sentiment towards the crypto market that could lead to capital outflows and impact its liquidity.
- Shifting Investor Preferences: As institutional acceptance of cryptocurrencies increases, ETFs have become a popular choice for holding Bitcoin, despite a higher expense ratio compared to older ETFs, attracting significant inflows and demonstrating a long-term bullish outlook on Bitcoin.
- Complexity of Bitcoin Ownership: Investors need to purchase approximately 1,855 shares of the iShares Bitcoin Trust ETF to equal one Bitcoin, and with a 0.25% expense ratio, shareholders will face gradual dilution, potentially affecting their return expectations.










