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 trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, 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 9 options trades for B. Riley Financial.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.
Out of all of the options we uncovered, 8 are puts, for a total amount of $540,230, and there was 1 call, for a total amount of $32,240.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $12.5 and $30.0 for B. Riley Financial, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $12.5 to $30.0 in the last 30 days.
B. Riley Financial 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RILY | PUT | TRADE | BEARISH | 01/17/25 | $15.6 | $14.7 | $15.6 | $30.00 | $234.0K | 1.1K | 0 |
| RILY | PUT | SWEEP | BEARISH | 08/16/24 | $1.4 | $1.35 | $1.35 | $12.50 | $85.1K | 963 | 96 |
| RILY | PUT | SWEEP | BULLISH | 07/12/24 | $2.45 | $1.9 | $2.15 | $18.00 | $44.5K | 965 | 6 |
| RILY | PUT | SWEEP | BULLISH | 01/17/25 | $4.5 | $4.4 | $4.4 | $15.00 | $44.4K | 1.3K | 8 |
| RILY | PUT | TRADE | BEARISH | 10/18/24 | $14.9 | $14.0 | $14.6 | $30.00 | $36.5K | 623 | 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 segment, and Consumer products segment.
In light of the recent options history for B. Riley Financial, it's now appropriate to focus on the company itself. We aim to explore its current performance.
B. Riley Financial's Current Market Status
- Currently trading with a volume of 495,535, the RILY's price is down by -5.85%, now at $16.43.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 36 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for B. Riley Financial, Benzinga Pro gives you real-time options trades 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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