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, 2 were puts, with a value of $70,567, and 7 were calls, valued at $755,160.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $120.0 for Royal Caribbean Gr over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $80.0 to $120.0 in the last 30 days.
Royal Caribbean Gr Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RCL | CALL | TRADE | BULLISH | 10/18/24 | $115.00 | $408.2K | 8 | 160 |
| RCL | CALL | SWEEP | BULLISH | 04/19/24 | $100.00 | $155.2K | 228 | 0 |
| RCL | CALL | TRADE | BEARISH | 01/19/24 | $80.00 | $68.0K | 2.0K | 0 |
| RCL | PUT | SWEEP | BULLISH | 06/20/25 | $87.50 | $42.5K | 22 | 75 |
| RCL | CALL | TRADE | BEARISH | 01/17/25 | $110.00 | $32.8K | 1.5K | 30 |
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.
Following our analysis of the options activities associated with Royal Caribbean Gr, we pivot to a closer look at the company's own performance.
Current Position of Royal Caribbean Gr
- With a trading volume of 980,551, the price of RCL is down by 0.0%, reaching $128.21.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 42 days from now.
What Analysts Are Saying About Royal Caribbean Gr
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $143.66666666666666.
- An analyst from Tigress Financial persists with their Buy rating on Royal Caribbean Gr, maintaining a target price of $155.
- In a cautious move, an analyst from Truist Securities downgraded its rating to Buy, setting a price target of $134.
- Consistent in their evaluation, an analyst from Argus Research keeps a Buy rating on Royal Caribbean Gr with a target price of $142.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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