Investors with significant funds have taken a bearish 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 10 options transactions for B. Riley Financial. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 30% being bullish and 60% bearish. Of all the options we discovered, 9 are puts, valued at $321,927, and there was a single call, worth $26,500.
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 $10.0 and $45.0 for B. Riley Financial, spanning the last three months.
Volume & Open Interest Trends
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 $10.0 to $45.0 in the last 30 days.
B. Riley Financial 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RILY | PUT | SWEEP | BEARISH | 07/05/24 | $1.4 | $1.35 | $1.35 | $18.00 | $49.4K | 3.0K | 1.0K |
| RILY | PUT | SWEEP | BULLISH | 06/28/24 | $8.3 | $8.2 | $8.2 | $26.00 | $49.1K | 76 | 0 |
| RILY | PUT | TRADE | BULLISH | 06/28/24 | $10.3 | $9.9 | $10.0 | $27.50 | $47.0K | 145 | 0 |
| RILY | PUT | SWEEP | BEARISH | 07/05/24 | $1.25 | $1.15 | $1.25 | $18.00 | $31.2K | 3.0K | 795 |
| RILY | PUT | SWEEP | BEARISH | 07/05/24 | $1.25 | $1.2 | $1.25 | $18.00 | $31.2K | 3.0K | 545 |
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.
Where Is B. Riley Financial Standing Right Now?
- With a trading volume of 505,961, the price of RILY is down by -2.87%, reaching $17.43.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 41 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.
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