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 8 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 0% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $200,349 and 3, calls, for a total amount of $695,700.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $16.0 to $22.0 for Carnival over the last 3 months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Carnival'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 Carnival's whale trades within a strike price range from $16.0 to $22.0 in 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 | NEUTRAL | 09/20/24 | $0.87 | $0.85 | $0.86 | $18.00 | $614.9K | 6.7K | 7.1K |
| CCL | PUT | SWEEP | BULLISH | 06/20/25 | $5.55 | $5.45 | $5.45 | $22.00 | $58.3K | 379 | 108 |
| CCL | CALL | TRADE | BULLISH | 06/20/25 | $2.1 | $1.97 | $2.05 | $20.00 | $54.7K | 12.1K | 0 |
| CCL | PUT | SWEEP | BULLISH | 08/02/24 | $1.02 | $0.99 | $1.0 | $18.00 | $40.7K | 2.4K | 845 |
| CCL | PUT | TRADE | NEUTRAL | 08/02/24 | $1.02 | $0.98 | $1.0 | $18.00 | $39.3K | 2.4K | 438 |
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. It's currently folding its P&O Australia brand into Carnival. The firm 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.
Current Position of Carnival
- With a trading volume of 8,412,500, the price of CCL is up by 1.32%, reaching $17.32.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 63 days from now.
Professional Analyst Ratings for Carnival
4 market experts have recently issued ratings for this stock, with a consensus target price of $23.5.
- Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Carnival with a target price of $20.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Carnival with a target price of $25.
- An analyst from B of A Securities persists with their Buy rating on Carnival, maintaining a target price of $24.
- Maintaining their stance, an analyst from Argus Research continues to hold a Buy rating for Carnival, targeting a price of $25.
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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