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 14 trades.
If we consider the specifics of each trade, it is accurate to state that 71% of the investors opened trades with bullish expectations and 28% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $197,544 and 10, calls, for a total amount of $721,652.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $19.0 for Carnival over the recent three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Carnival's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Carnival's significant trades, within a strike price range of $15.0 to $19.0, over the past month.
Carnival 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 |
|---|---|---|---|---|---|---|---|---|
| CCL | CALL | SWEEP | BULLISH | 03/15/24 | $15.00 | $134.2K | 15.6K | 2.2K |
| CCL | CALL | SWEEP | BULLISH | 03/15/24 | $15.00 | $130.0K | 15.6K | 3.7K |
| CCL | CALL | SWEEP | BULLISH | 03/15/24 | $15.00 | $100.0K | 15.6K | 1.0K |
| CCL | CALL | SWEEP | BULLISH | 03/15/24 | $15.00 | $93.9K | 15.6K | 4.6K |
| CCL | PUT | SWEEP | BEARISH | 07/19/24 | $19.00 | $78.1K | 2.9K | 193 |
About Carnival
Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. 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 nearly 13 million guests in 2019, prior to COVID-19, a level it has reached again in 2023.
In light of the recent options history for Carnival, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Carnival
- With a trading volume of 15,070,574, the price of CCL is down by -0.05%, reaching $15.26.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 39 days from now.
What Analysts Are Saying About Carnival
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $18.0.
- An analyst from Truist Securities persists with their Hold rating on Carnival, maintaining a target price of $18.
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 Carnival with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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