Investors with a lot of money to spend have taken a bullish stance on Carnival CCL.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CCL, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 16 uncommon options trades for Carnival.
This isn't normal.
The overall sentiment of these big-money traders is split between 56% bullish and 43%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $262,776, and 9 are calls, for a total amount of $695,800.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $8.0 and $22.0 for Carnival, spanning the last three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Carnival's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Carnival's substantial trades, within a strike price spectrum from $8.0 to $22.0 over the preceding 30 days.
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 | BEARISH | 04/19/24 | $14.00 | $331.2K | 6.3K | 3.0K |
| CCL | CALL | TRADE | BULLISH | 12/18/26 | $17.00 | $108.0K | 948 | 200 |
| CCL | PUT | SWEEP | BEARISH | 06/20/25 | $17.00 | $56.0K | 668 | 161 |
| CCL | CALL | SWEEP | BULLISH | 06/21/24 | $15.00 | $49.1K | 26.9K | 141 |
| CCL | CALL | TRADE | BULLISH | 06/21/24 | $15.00 | $43.6K | 26.9K | 641 |
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.
Following our analysis of the options activities associated with Carnival, we pivot to a closer look at the company's own performance.
Current Position of Carnival
- Currently trading with a volume of 15,927,837, the CCL's price is up by 0.37%, now at $16.06.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 21 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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