Bears Set Sail With Carnival Corporation (CCL)

Shares of Carnival Corporation CCL are lower on the session by 0.29%, currently trading at $37.90. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the June $38.00 put was purchased 5,000 times, on the offer, on open interest of 522 contracts. Overall put volume is now running at 2.79x the daily average with 91% of all puts traded being purchases on the offer. Carnival Corporation is a cruise and vacation company. The company has a portfolio of cruise brands and is a provider of cruises to vacation destinations.