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 25 trades.
If we consider the specifics of each trade, it is accurate to state that 52% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $455,958 and 17, calls, for a total amount of $2,274,399.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $13.0 and $27.0 for Carnival, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Carnival stands at 6932.0, with a total volume reaching 21,096.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Carnival, situated within the strike price corridor from $13.0 to $27.0, throughout the last 30 days.
Carnival Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CCL | CALL | SWEEP | BEARISH | 01/17/25 | $2.7 | $2.67 | $2.67 | $17.50 | $400.6K | 43.4K | 3.5K |
| CCL | CALL | SWEEP | BEARISH | 01/17/25 | $2.71 | $2.68 | $2.68 | $17.50 | $268.5K | 43.4K | 1.9K |
| CCL | CALL | SWEEP | BEARISH | 01/17/25 | $2.71 | $2.68 | $2.68 | $17.50 | $268.1K | 43.4K | 953 |
| CCL | CALL | SWEEP | BEARISH | 01/17/25 | $2.76 | $2.66 | $2.66 | $17.50 | $256.6K | 43.4K | 5.0K |
| CCL | CALL | SWEEP | BULLISH | 06/20/25 | $1.9 | $1.89 | $1.9 | $22.00 | $227.8K | 6.3K | 1 |
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. It's currently folding its P&O Australia brand into Carnival. The firm 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 reached again in 2023.
Having examined the options trading patterns of Carnival, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Carnival
- Trading volume stands at 18,405,554, with CCL's price down by -6.06%, positioned at $17.59.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 88 days.
Professional Analyst Ratings for Carnival
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $22.4.
- An analyst from B of A Securities has decided to maintain their Buy rating on Carnival, which currently sits at a price target of $24.
- Maintaining their stance, an analyst from Argus Research continues to hold a Buy rating for Carnival, targeting a price of $25.
- An analyst from Deutsche Bank persists with their Hold rating on Carnival, maintaining a target price of $19.
- An analyst from Citigroup persists with their Buy rating on Carnival, maintaining a target price of $22.
- An analyst from Susquehanna has decided to maintain their Positive rating on Carnival, which currently sits at a price target of $22.
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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