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 10 trades.
If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $63,813 and 8, calls, for a total amount of $459,099.
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 $14.0 to $18.0 for Carnival over the last 3 months.
Insights into Volume & Open Interest
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 $14.0 to $18.0 over the preceding 30 days.
Carnival Option Volume And Open Interest Over 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 | 10/18/24 | $14.00 | $128.3K | 828 | 300 |
| CCL | CALL | SWEEP | BEARISH | 03/28/24 | $17.00 | $79.8K | 7.3K | 480 |
| CCL | CALL | SWEEP | BULLISH | 10/18/24 | $14.00 | $63.9K | 828 | 456 |
| CCL | CALL | SWEEP | BULLISH | 07/19/24 | $16.00 | $50.9K | 5.3K | 0 |
| CCL | CALL | SWEEP | BULLISH | 03/28/24 | $17.00 | $39.8K | 7.3K | 3.1K |
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
- Currently trading with a volume of 5,548,996, the CCL's price is up by 0.18%, now at $17.05.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 5 days.
Professional Analyst Ratings for Carnival
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $23.0.
- An analyst from Goldman Sachs downgraded its action to Buy with a price target of $20.
- Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Carnival, targeting a price of $26.
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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