Investors with a lot of money to spend have taken a bearish stance on Carnival CCL.
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 these are institutions or just wealthy individuals, we don't know. But when something this big happens with CCL, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 19 uncommon options trades for Carnival.
This isn't normal.
The overall sentiment of these big-money traders is split between 31% bullish and 68%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $408,620, and 15 are calls, for a total amount of $1,848,942.
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 $10.0 and $20.0 for Carnival, spanning the last three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Carnival's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Carnival's substantial trades, within a strike price spectrum from $10.0 to $20.0 over the preceding 30 days.
Carnival Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CCL | CALL | SWEEP | BEARISH | 06/21/24 | $17.50 | $429.3K | 25.3K | 10.1K |
| CCL | CALL | TRADE | BULLISH | 01/16/26 | $10.00 | $366.7K | 1.0K | 492 |
| CCL | PUT | SWEEP | BEARISH | 06/20/25 | $20.00 | $285.6K | 241 | 1.0K |
| CCL | CALL | TRADE | BULLISH | 06/21/24 | $15.00 | $212.0K | 25.3K | 3.6K |
| CCL | CALL | TRADE | BEARISH | 06/21/24 | $17.50 | $157.5K | 25.3K | 12.1K |
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.
In light of the recent options history for Carnival, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Carnival
- With a trading volume of 23,115,657, the price of CCL is up by 0.26%, reaching $15.35.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 42 days from now.
Expert Opinions on Carnival
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $18.0.
- An analyst from Truist Securities has decided to maintain their Hold rating on Carnival, which currently sits at a price target of $18.
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 Carnival with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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