Financial giants have made a conspicuous bullish move on Carnival. Our analysis of options history for Carnival CCL revealed 21 unusual trades.
Delving into the details, we found 61% of traders were bullish, while 38% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $148,580, and 18 were calls, valued at $1,899,939.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $12.5 and $20.0 for Carnival, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Carnival stands at 6863.38, with a total volume reaching 19,978.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Carnival, situated within the strike price corridor from $12.5 to $20.0, throughout the last 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 | BULLISH | 03/01/24 | $15.00 | $645.0K | 17.2K | 7.6K |
| CCL | CALL | TRADE | BULLISH | 07/19/24 | $15.00 | $169.4K | 2.0K | 700 |
| CCL | CALL | SWEEP | BEARISH | 01/17/25 | $15.00 | $167.5K | 10.2K | 2.1K |
| CCL | CALL | TRADE | BEARISH | 01/17/25 | $15.00 | $138.0K | 10.2K | 1.3K |
| CCL | CALL | SWEEP | BULLISH | 04/19/24 | $14.00 | $110.0K | 5.8K | 1 |
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.
After a thorough review of the options trading surrounding Carnival, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Carnival
- With a trading volume of 17,727,475, the price of CCL is up by 0.32%, reaching $15.52.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 25 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 Carnival with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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