Carnival Unusual Options Activity For March 10

A whale with a lot of money to spend has taken a noticeably bullish stance on Carnival.

Looking at options history for Carnival CCL we detected 12 strange 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, 6 are puts, for a total amount of $616,787 and 6, calls, for a total amount of $773,574.

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 $7.0 to $25.0 for Carnival over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Carnival options trades today is 14985.64 with a total volume of 30,235.00.

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 $7.0 to $25.0 over the last 30 days.

Carnival Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CCL PUT TRADE BULLISH 04/21/23 $9.00 $252.9K 31.6K 4.9K
CCL CALL TRADE BEARISH 07/21/23 $13.00 $250.0K 1.1K 17
CCL CALL SWEEP BULLISH 03/31/23 $10.00 $234.2K 167 3.5K
CCL PUT TRADE BULLISH 07/21/23 $7.00 $190.0K 52.3K 5.0K
CCL CALL SWEEP BEARISH 01/19/24 $25.00 $151.8K 35.8K 13.8K

Where Is Carnival Standing Right Now?

  • With a volume of 21,241,754, the price of CCL is down -0.25% at $9.96.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 11 days.

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
Comments
Loading...
Date of Trade
▲▼
ticker
▲▼
Put/Call
▲▼
Strike Price
▲▼
DTE
▲▼
Sentiment
▲▼
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!