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 15 trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $3,270,737 and 7, calls, for a total amount of $390,699.
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 $15.0 and $25.0 for Carnival, spanning the last three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Carnival's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Carnival's significant trades, within a strike price range of $15.0 to $25.0, over the past month.
Carnival Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CCL | PUT | TRADE | BEARISH | 10/18/24 | $1.16 | $1.13 | $1.15 | $19.00 | $1.7M | 18.5K | 19.0K |
| CCL | PUT | TRADE | BULLISH | 10/18/24 | $0.69 | $0.66 | $0.67 | $18.00 | $1.0M | 24.3K | 16.5K |
| CCL | CALL | TRADE | BEARISH | 10/18/24 | $0.97 | $0.94 | $0.95 | $19.00 | $190.0K | 56.1K | 2.8K |
| CCL | PUT | SWEEP | BEARISH | 09/19/25 | $7.15 | $7.05 | $7.15 | $25.00 | $160.1K | 198 | 225 |
| CCL | PUT | SWEEP | BULLISH | 10/18/24 | $1.23 | $1.2 | $1.2 | $19.00 | $85.8K | 18.5K | 3.0K |
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.
In light of the recent options history for Carnival, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Carnival's Current Market Status
- Currently trading with a volume of 12,324,845, the CCL's price is up by 0.37%, now at $18.75.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 3 days.
Professional Analyst Ratings for Carnival
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $26.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Stifel has decided to maintain their Buy rating on Carnival, which currently sits at a price target of $27. * Maintaining their stance, an analyst from Mizuho continues to hold a Outperform rating for Carnival, targeting a price of $25.
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 Carnival options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
