Whales with a lot of money to spend have taken a noticeably bullish stance on Carnival.
Looking at options history for Carnival CCL we detected 16 trades.
If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $469,193 and 8, calls, for a total amount of $711,617.
Projected Price Targets
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 $25.0 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 16368.77, with a total volume reaching 7,463.00. 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 $10.0 to $25.0, throughout the last 30 days.
Carnival 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CCL | CALL | TRADE | BEARISH | 12/18/26 | $2.85 | $2.0 | $2.0 | $25.00 | $200.0K | 1.1K | 1.0K |
| CCL | CALL | TRADE | BULLISH | 01/17/25 | $2.12 | $2.04 | $2.12 | $15.00 | $166.2K | 12.1K | 793 |
| CCL | PUT | TRADE | BEARISH | 01/17/25 | $2.5 | $2.45 | $2.48 | $15.00 | $119.7K | 35.4K | 2 |
| CCL | PUT | SWEEP | BEARISH | 04/26/24 | $2.1 | $1.92 | $2.1 | $16.00 | $102.1K | 1.2K | 486 |
| CCL | CALL | SWEEP | BULLISH | 01/16/26 | $3.65 | $3.6 | $3.65 | $15.00 | $73.0K | 4.6K | 202 |
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 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.
Where Is Carnival Standing Right Now?
- Currently trading with a volume of 10,034,476, the CCL's price is up by 1.51%, now at $14.11.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 68 days.
Expert Opinions on Carnival
In the last month, 5 experts released ratings on this stock with an average target price of $23.0.
- An analyst from Barclays has decided to maintain their Overweight rating on Carnival, which currently sits at a price target of $25.
- Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Carnival with a target price of $25.
- Maintaining their stance, an analyst from Argus Research continues to hold a Buy rating for Carnival, targeting a price of $20.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Carnival, targeting a price of $23.
- Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Carnival with a target price of $22.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Carnival, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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