This Is What Whales Are Betting On B. Riley Financial

Investors with significant funds have taken a bullish position in B. Riley Financial RILY, a development that retail traders should be aware of.

This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in RILY usually indicates foreknowledge of upcoming events.

Today, Benzinga's options scanner identified 10 options transactions for B. Riley Financial. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 60% being bullish and 40% bearish. Of all the options we discovered, 9 are puts, valued at $776,000, and there was a single call, worth $72,040.

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Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $19.0 to $25.0 for B. Riley Financial during the past quarter.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for B. Riley Financial's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of B. Riley Financial's whale trades within a strike price range from $19.0 to $25.0 in the last 30 days.

B. Riley Financial Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
RILY PUT TRADE BEARISH 03/15/24 $25.00 $95.0K 1.1K 100
RILY PUT TRADE BULLISH 03/15/24 $25.00 $94.0K 1.1K 600
RILY PUT SWEEP BULLISH 03/15/24 $25.00 $93.0K 1.1K 400
RILY PUT TRADE BULLISH 03/15/24 $25.00 $93.0K 1.1K 400
RILY PUT TRADE BEARISH 03/15/24 $25.00 $93.0K 1.1K 300

About B. Riley Financial

B. Riley Financial Inc is a diversified financial services company. The company through its subsidiaries offers investment banking and financial services to corporate, institutional and high net worth clients and also asset disposition, valuation and appraisal and capital advisory services to retail, wholesale, institutional, lenders, capital providers, private equity investors, and professional services firms in United States, Canada, and Europe. It also provides internet access and subscription services. The reportable operating segments of the company include Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer segment.

Where Is B. Riley Financial Standing Right Now?

  • With a volume of 48,842, the price of RILY is down -1.81% at $18.45.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 15 days.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for B. Riley Financial with Benzinga Pro for real-time alerts.

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RILYB. Riley Financial Inc
$3.064.44%

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Momentum
4.53
Growth
2.00
Quality
Not Available
Value
38.68
Price Trend
Short
Medium
Long
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