High-rolling investors have positioned themselves bullish on Royal Caribbean Gr RCL, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in RCL often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 12 options trades for Royal Caribbean Gr. This is not a typical pattern.
The sentiment among these major traders is split, with 58% bullish and 41% bearish. Among all the options we identified, there was one put, amounting to $32,800, and 11 calls, totaling $560,994.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $165.0 for Royal Caribbean Gr over the last 3 months.
Insights into 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 $50.0 to $165.0 in the last 30 days.
Royal Caribbean Gr 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RCL | CALL | TRADE | BULLISH | 01/17/25 | $109.0 | $106.7 | $109.0 | $50.00 | $109.0K | 322 | 0 |
| RCL | CALL | TRADE | BEARISH | 09/20/24 | $9.5 | $9.3 | $9.3 | $165.00 | $74.4K | 261 | 7 |
| RCL | CALL | SWEEP | BULLISH | 06/28/24 | $2.5 | $2.28 | $2.47 | $160.00 | $66.0K | 1.6K | 1.5K |
| RCL | CALL | SWEEP | BEARISH | 07/19/24 | $5.05 | $4.9 | $4.9 | $160.00 | $54.8K | 6.1K | 101 |
| RCL | CALL | TRADE | BULLISH | 08/16/24 | $10.65 | $10.3 | $10.65 | $155.00 | $53.2K | 3.8K | 10 |
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.
Where Is Royal Caribbean Gr Standing Right Now?
- With a trading volume of 1,175,817, the price of RCL is up by 3.07%, reaching $159.26.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 30 days from now.
Expert Opinions on Royal Caribbean Gr
3 market experts have recently issued ratings for this stock, with a consensus target price of $174.0.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Royal Caribbean Gr with a target price of $175.
- An analyst from Truist Securities persists with their Buy rating on Royal Caribbean Gr, maintaining a target price of $175.
- An analyst from Argus Research persists with their Buy rating on Royal Caribbean Gr, maintaining a target price of $172.
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 Royal Caribbean Gr with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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