Deep-pocketed investors have adopted a bearish approach towards B. Riley Financial RILY, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in RILY usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for B. Riley Financial. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 20% leaning bullish and 80% bearish. Among these notable options, 2 are puts, totaling $132,048, and 13 are calls, amounting to $1,417,634.
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 $5.0 and $25.0 for B. Riley Financial, spanning the last three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for B. Riley Financial options trades today is 1300.88 with a total volume of 7,754.00.
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 $5.0 to $25.0 over 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 | CALL | TRADE | BULLISH | 04/19/24 | $25.00 | $625.0K | 2.5K | 2.8K |
| RILY | CALL | SWEEP | BEARISH | 04/19/24 | $20.00 | $154.3K | 7.2K | 1.6K |
| RILY | CALL | TRADE | BEARISH | 04/19/24 | $21.50 | $153.3K | 61 | 637 |
| RILY | CALL | SWEEP | BEARISH | 04/19/24 | $20.00 | $138.3K | 7.2K | 1.0K |
| RILY | PUT | TRADE | BULLISH | 01/17/25 | $22.50 | $100.0K | 40 | 100 |
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.
Following our analysis of the options activities associated with B. Riley Financial, we pivot to a closer look at the company's own performance.
B. Riley Financial's Current Market Status
- With a volume of 690,280, the price of RILY is up 3.45% at $21.6.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 41 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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