Investors with a lot of money to spend have taken a bullish stance on Royal Caribbean Gr RCL.
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 RCL, 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 13 uncommon options trades for Royal Caribbean Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 53% bullish and 30%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $87,606, and 10 are calls, for a total amount of $700,284.
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 $130.0 and $150.0 for Royal Caribbean Gr, spanning the last three months.
Analyzing Volume & Open Interest
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 $130.0 to $150.0 in the last 30 days.
Royal Caribbean Gr Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RCL | CALL | TRADE | BULLISH | 06/21/24 | $12.0 | $11.85 | $12.0 | $140.00 | $120.0K | 5.3K | 121 |
| RCL | CALL | SWEEP | BULLISH | 07/19/24 | $13.95 | $13.0 | $13.39 | $140.00 | $102.9K | 110 | 76 |
| RCL | CALL | TRADE | BEARISH | 10/18/24 | $24.55 | $24.2 | $24.2 | $130.00 | $96.8K | 212 | 110 |
| RCL | CALL | TRADE | NEUTRAL | 10/18/24 | $26.4 | $25.45 | $25.9 | $130.00 | $90.6K | 212 | 70 |
| RCL | CALL | TRADE | BULLISH | 10/18/24 | $26.1 | $25.9 | $26.1 | $130.00 | $78.3K | 212 | 35 |
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 eight 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.
Having examined the options trading patterns of Royal Caribbean Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Royal Caribbean Gr
- Currently trading with a volume of 1,804,005, the RCL's price is up by 2.23%, now at $150.97.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 52 days.
What Analysts Are Saying About Royal Caribbean Gr
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $170.0.
- An analyst from Truist Securities persists with their Buy rating on Royal Caribbean Gr, maintaining a target price of $175.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on Royal Caribbean Gr, which currently sits at a price target of $165.
- An analyst from Argus Research persists with their Buy rating on Royal Caribbean Gr, maintaining a target price of $172.
- Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Royal Caribbean Gr with a target price of $168.
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 Royal Caribbean Gr, 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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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