Deep-pocketed investors have adopted a bearish approach towards Royal Caribbean Gr RCL, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in RCL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Royal Caribbean Gr. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 66% bearish. Among these notable options, 2 are puts, totaling $280,010, and 7 are calls, amounting to $396,546.
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 $125.0 and $140.0 for Royal Caribbean Gr, 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 Royal Caribbean Gr'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 Royal Caribbean Gr's whale activity within a strike price range from $125.0 to $140.0 in the last 30 days.
Royal Caribbean Gr Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RCL | PUT | SWEEP | BEARISH | 04/12/24 | $3.75 | $3.75 | $3.75 | $140.00 | $243.7K | 75 | 1 |
| RCL | CALL | SWEEP | BEARISH | 04/19/24 | $4.55 | $4.2 | $4.5 | $133.00 | $109.3K | 775 | 612 |
| RCL | CALL | SWEEP | BULLISH | 04/19/24 | $5.5 | $5.25 | $5.5 | $133.00 | $72.0K | 775 | 237 |
| RCL | CALL | SWEEP | BEARISH | 04/19/24 | $5.55 | $5.35 | $5.5 | $133.00 | $65.4K | 775 | 362 |
| RCL | CALL | SWEEP | BULLISH | 04/19/24 | $5.5 | $5.1 | $5.5 | $133.00 | $58.3K | 775 | 0 |
About Royal Caribbean Gr
Royal Caribbean is the world's second-largest cruise company, operating 65 ships across five global and partner brands in the cruise vacation industry, with 8 more ships on order. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in the first quarter of 2021.
In light of the recent options history for Royal Caribbean Gr, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Royal Caribbean Gr's Current Market Status
- With a volume of 156,310, the price of RCL is down -0.5% at $137.6.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 23 days.
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 Royal Caribbean Gr options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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