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 24 options transactions for B. Riley Financial. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 54% being bullish and 45% bearish. Of all the options we discovered, 23 are puts, valued at $1,664,031, and there was a single call, worth $34,749.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $15.0 and $26.0 for B. Riley Financial, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for B. Riley Financial options trades today is 5559.43 with a total volume of 14,699.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for B. Riley Financial's big money trades within a strike price range of $15.0 to $26.0 over the last 30 days.
B. Riley Financial Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RILY | PUT | TRADE | BEARISH | 04/19/24 | $15.00 | $343.7K | 9.6K | 2.2K |
| RILY | PUT | SWEEP | BULLISH | 04/19/24 | $17.50 | $170.6K | 9.0K | 472 |
| RILY | PUT | SWEEP | BEARISH | 03/15/24 | $25.00 | $89.0K | 2.1K | 751 |
| RILY | PUT | TRADE | BULLISH | 03/15/24 | $25.00 | $73.0K | 2.1K | 867 |
| RILY | PUT | SWEEP | BEARISH | 03/15/24 | $25.00 | $73.0K | 2.1K | 745 |
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.
Having examined the options trading patterns of B. Riley Financial, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of B. Riley Financial
- With a volume of 777,757, the price of RILY is down -0.57% at $19.19.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 49 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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