Carnival Options Trading: A Deep Dive into Market Sentiment - Carnival (NYSE:CCL)

Whales with a lot of money to spend have taken a noticeably bullish stance on Carnival.

Looking at options history for Carnival (NYSE:CCL) we detected 14 trades.

If we consider the specifics of each trade, it is accurate to state that 64% of the investors opened trades with bullish expectations and 28% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $547,795 and 9, calls, for a total amount of $822,891.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $35.0 for Carnival over the last 3 months.

Volume & Open Interest Trends

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 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 activity within a strike price range from $10.0 to $35.0 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	SWEEP	BULLISH	01/17/25	$0.7	$0.46	$0.62	$24.50	$289.6K	335	5.6K
CCL	PUT	SWEEP	BULLISH	07/18/25	$9.85	$9.75	$9.75	$34.00	$252.5K	36	295
CCL	CALL	TRADE	NEUTRAL	04/17/25	$10.9	$10.7	$10.8	$14.00	$162.0K	222	150
CCL	PUT	SWEEP	BULLISH	07/18/25	$7.2	$7.1	$7.1	$31.00	$154.7K	2	219
CCL	CALL	SWEEP	BULLISH	04/17/25	$1.9	$1.89	$1.9	$25.00	$114.0K	7.8K	654

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.

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.

Carnival's Current Market Status

Trading volume stands at 5,321,934, with CCL's price down by -0.59%, positioned at $24.23.
RSI indicators show the stock to be may be approaching oversold.
Earnings announcement expected in 79 days.

What Analysts Are Saying About Carnival

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $31.8.

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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. * Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Carnival with a target price of $32. * Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Carnival with a target price of $30. * Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Carnival, targeting a price of $32. * An analyst from Stifel persists with their Buy rating on Carnival, maintaining a target price of $34. * An analyst from Barclays has decided to maintain their Overweight rating on Carnival, which currently sits at a price target of $31.

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.

CCLCarnival Corporation Ltd

$27.171.72%

Overview

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