Decoding Royal Caribbean Gr's Options Activity: What's the Big Picture?

Financial giants have made a conspicuous bearish move on Royal Caribbean Gr. Our analysis of options history for Royal Caribbean Gr RCL revealed 9 unusual trades.

Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $172,658, and 6 were calls, valued at $526,058.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $95.0 to $126.0 for Royal Caribbean Gr 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 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 $95.0 to $126.0 in the last 30 days.

Royal Caribbean Gr 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

About Royal Caribbean Gr

Royal Caribbean is the world's second-largest cruise company, operating 64 ships across five global and partner brands in the cruise vacation industry, with 10 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, allowing it 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.

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

Present Market Standing of Royal Caribbean Gr

• Trading volume stands at 474,748, with RCL's price down by -0.06%, positioned at $123.8.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 48 days.

Professional Analyst Ratings for Royal Caribbean Gr

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $131.66666666666666.

• Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Royal Caribbean Gr, targeting a price of $134.
• An analyst from Truist Securities has revised its rating downward to Buy, adjusting the price target to $134.
• An analyst from Citigroup downgraded its action to Buy with a price target of $127.

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.