RealReal Lands Surprise Bull Note at B. Riley

REAL began trading publicly this past June

Luxury consignment retailer RealReal Inc (NASDAQ:REAL) is climbing higher this morning, enjoying post-bull note buzz out of B. Riley. The firm initiated coverage with a "buy" rating and $23 price target -- representing a nearly 32% upside to Tuesday night's close. Analyst Susan Anderson said she believes the company is well positioned to expand in its chosen market. In response, REAL is up 0.6%, at $17.64.

After launching onto the public market in late June of this year, REAL has shed 39%. Overhead pressure from the newly formed 40-day trendline has been evident, with an added ceiling at the $18.50 mark. In terms of analyst outlook, six firms sport a "strong buy" recommendation coming into today, with just two "holds" and zero "sells." Meanwhile, the stock's average 12-month price target sits all the way up at $28.

While action in the options pits remains light, now looks like an attractive time for those looking to speculate on the equity to make a move. This is per the security's Schaeffer's Volatility Index (SVI) of 71% that ranks in the 7th percentile of its annual range, meaning options players are pricing in incredibly low volatility expectations right now.