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 12 trades.
If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $52,280 and 10, calls, for a total amount of $2,683,360.
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 $12.0 to $26.0 for Carnival during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Carnival options trades today is 7179.0 with a total volume of 5,002.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Carnival's big money trades within a strike price range of $12.0 to $26.0 over the last 30 days.
Carnival Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CCL | CALL | SWEEP | BULLISH | 06/21/24 | $16.00 | $870.7K | 13 | 0 |
| CCL | CALL | SWEEP | BULLISH | 06/21/24 | $17.50 | $630.0K | 27.8K | 1.0K |
| CCL | CALL | SWEEP | BULLISH | 06/21/24 | $17.50 | $315.0K | 27.8K | 3 |
| CCL | CALL | TRADE | BEARISH | 01/16/26 | $20.00 | $250.0K | 1.2K | 1.0K |
| CCL | CALL | TRADE | BEARISH | 01/16/26 | $20.00 | $250.0K | 1.2K | 1 |
About Carnival
Carnival is the largest global cruise company, with 90 ships in service at the end of fiscal 2022. 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; and P&O Cruises in Australia. Carnival also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted about 13 million guests in 2019, prior to COVID-19, a level it should reach again in 2023.
Current Position of Carnival
- With a trading volume of 6,187,397, the price of CCL is down by -1.53%, reaching $18.64.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 90 days from now.
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 $21.6.
- Showing optimism, an analyst from Melius Research upgrades its rating to Buy with a revised price target of $19.
- An analyst from Wells Fargo persists with their Equal-Weight rating on Carnival, maintaining a target price of $22.
- An analyst from Stifel persists with their Buy rating on Carnival, maintaining a target price of $25.
- An analyst from Deutsche Bank has decided to maintain their Hold rating on Carnival, which currently sits at a price target of $18.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Carnival with a target price of $24.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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