Check Out What Whales Are Doing With CCL

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Investors with a lot of money to spend have taken a bearish stance on Carnival CCL.

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 CCL, 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 Carnival.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 69%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $169,630, and 11 are calls, for a total amount of $434,547.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $13.0 to $30.0 for Carnival during the past quarter.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Carnival's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Carnival's substantial trades, within a strike price spectrum from $13.0 to $30.0 over the preceding 30 days.

Carnival Option Activity Analysis: Last 30 Days

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CCL PUT TRADE BULLISH 01/16/26 $3.45 $3.4 $3.4 $25.00 $127.8K 1.4K 377
CCL CALL TRADE BEARISH 01/16/26 $2.87 $2.69 $2.69 $30.00 $69.9K 12.7K 270
CCL CALL SWEEP BULLISH 02/21/25 $0.46 $0.43 $0.46 $27.00 $59.8K 3.1K 2.7K
CCL CALL SWEEP BULLISH 02/21/25 $0.43 $0.4 $0.42 $27.00 $54.6K 3.1K 1.4K
CCL CALL SWEEP BEARISH 04/17/25 $1.09 $1.05 $1.05 $28.00 $47.2K 2.7K 824

About Carnival

Carnival is the largest global cruise company, with more than 90 ships in service at the end of fiscal 2024. 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 14 million guests in 2024.

Having examined the options trading patterns of Carnival, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Carnival

  • Trading volume stands at 8,336,432, with CCL's price up by 0.06%, positioned at $25.61.
  • RSI indicators show the stock to be is currently neutral between overbought and oversold.
  • Earnings announcement expected in 63 days.

Professional Analyst Ratings for Carnival

In the last month, 1 experts released ratings on this stock with an average target price of $22.0.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from Morgan Stanley continues to hold a Underweight rating for Carnival, targeting a price of $22.

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 Carnival, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
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