Whales with a lot of money to spend have taken a noticeably bullish stance on Royal Caribbean Gr.
Looking at options history for Royal Caribbean Gr RCL we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 61% of the investors opened trades with bullish expectations and 30% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $244,329 and 7, calls, for a total amount of $525,168.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $110.0 to $155.0 for Royal Caribbean Gr over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Royal Caribbean Gr stands at 1582.78, with a total volume reaching 4,876.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Royal Caribbean Gr, situated within the strike price corridor from $110.0 to $155.0, throughout the last 30 days.
Royal Caribbean Gr 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RCL | CALL | SWEEP | BULLISH | 08/02/24 | $10.9 | $10.35 | $10.88 | $142.00 | $217.9K | 250 | 250 |
| RCL | CALL | SWEEP | BEARISH | 06/21/24 | $7.25 | $7.0 | $7.0 | $140.00 | $86.1K | 4.7K | 32 |
| RCL | CALL | SWEEP | BULLISH | 12/20/24 | $27.3 | $26.9 | $27.18 | $130.00 | $81.4K | 23 | 0 |
| RCL | PUT | SWEEP | BULLISH | 06/28/24 | $1.99 | $1.85 | $1.85 | $141.00 | $58.8K | 593 | 8 |
| RCL | PUT | SWEEP | BULLISH | 03/21/25 | $20.15 | $19.15 | $20.15 | $155.00 | $46.1K | 11 | 18 |
About Royal Caribbean Gr
Royal Caribbean is the world's second-largest cruise company, operating 65 ships across five global and partner brands in the cruise vacation industry, with eight more ships on order. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in the first quarter of 2021.
After a thorough review of the options trading surrounding Royal Caribbean Gr, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Royal Caribbean Gr Standing Right Now?
- With a trading volume of 1,029,034, the price of RCL is down by -0.92%, reaching $147.13.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 38 days from now.
What Analysts Are Saying About Royal Caribbean Gr
2 market experts have recently issued ratings for this stock, with a consensus target price of $173.5.
- An analyst from Truist Securities persists with their Buy rating on Royal Caribbean Gr, maintaining a target price of $175.
- Consistent in their evaluation, an analyst from Argus Research keeps a Buy rating on Royal Caribbean Gr with a target price of $172.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Royal Caribbean Gr options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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