Whales with a lot of money to spend have taken a noticeably bearish stance on B. Riley Financial.
Looking at options history for B. Riley Financial RILY we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $489,665 and 2, calls, for a total amount of $70,293.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $15.0 to $30.0 for B. Riley Financial during the past quarter.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of B. Riley Financial stands at 3149.33, with a total volume reaching 1,552.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in B. Riley Financial, situated within the strike price corridor from $15.0 to $30.0, throughout the last 30 days.
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 | PUT | TRADE | BULLISH | 01/17/25 | $15.4 | $13.8 | $14.0 | $30.00 | $168.0K | 273 | 120 |
| RILY | PUT | SWEEP | BULLISH | 04/19/24 | $6.8 | $6.4 | $6.4 | $27.00 | $101.7K | 2.0K | 302 |
| RILY | PUT | SWEEP | BULLISH | 04/12/24 | $3.2 | $2.9 | $2.9 | $24.50 | $58.2K | 329 | 0 |
| RILY | PUT | TRADE | BEARISH | 04/19/24 | $6.1 | $5.6 | $6.1 | $27.00 | $39.6K | 2.0K | 0 |
| RILY | CALL | SWEEP | BEARISH | 04/19/24 | $2.65 | $2.4 | $2.65 | $20.00 | $37.3K | 4.9K | 0 |
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.
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
- Trading volume stands at 203,359, with RILY's price down by -5.06%, positioned at $21.78.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 20 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest B. Riley Financial options trades with real-time alerts from Benzinga Pro.
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Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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