Investors with a lot of money to spend have taken a bearish stance on B. Riley Financial RILY.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RILY, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 11 options trades for B. Riley Financial.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 54%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $26,412, and 10, calls, for a total amount of $485,836.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $32.5 and $50.0 for B. Riley Financial, spanning the last three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for B. Riley Financial's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across B. Riley Financial's significant trades, within a strike price range of $32.5 to $50.0, over the past month.
B. Riley Financial 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RILY | CALL | TRADE | BEARISH | 05/17/24 | $2.2 | $2.15 | $2.15 | $35.00 | $107.5K | 5.0K | 1.7K |
| RILY | CALL | SWEEP | NEUTRAL | 05/17/24 | $2.8 | $2.75 | $2.75 | $35.00 | $66.2K | 5.0K | 2.6K |
| RILY | CALL | SWEEP | BULLISH | 05/17/24 | $2.5 | $2.25 | $2.45 | $35.00 | $65.2K | 5.0K | 2.0K |
| RILY | CALL | SWEEP | BEARISH | 05/24/24 | $1.35 | $1.3 | $1.3 | $44.00 | $52.0K | 0 | 700 |
| RILY | CALL | TRADE | BEARISH | 06/21/24 | $2.75 | $2.65 | $2.65 | $40.00 | $47.9K | 806 | 401 |
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 segment, and Consumer products segment.
After a thorough review of the options trading surrounding B. Riley Financial, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of B. Riley Financial
- With a trading volume of 504,983, the price of RILY is up by 3.3%, reaching $33.2.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 2 days from now.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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