Behind the Scenes of Carnival's Latest Options Trends

Financial giants have made a conspicuous bullish move on Carnival. Our analysis of options history for Carnival CCL revealed 13 unusual trades.

Delving into the details, we found 76% of traders were bullish, while 23% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $356,020, and 11 were calls, valued at $695,632.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.5 to $25.0 for Carnival over the recent 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 Carnival'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 Carnival's whale activity within a strike price range from $12.5 to $25.0 in the last 30 days.

Carnival Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

About Carnival

Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe; and P&O Cruises in Australia. Carnival also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to COVID-19, a level it has reached again in 2023.

Where Is Carnival Standing Right Now?

• With a trading volume of 25,282,824, the price of CCL is down by -0.76%, reaching $15.71.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 56 days from now.

Expert Opinions on Carnival

2 market experts have recently issued ratings for this stock, with a consensus target price of $20.0.

• An analyst from Wells Fargo upgraded its action to Overweight with a price target of $22.
• An analyst from Truist Securities has decided to maintain their Hold rating on Carnival, which currently sits at a price target of $18.

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 Carnival options trades with real-time alerts from Benzinga Pro.