Behind the Scenes of Royal Caribbean Gr's Latest Options Trends

Deep-pocketed investors have adopted a bearish approach towards Royal Caribbean Gr RCL, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in RCL usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Royal Caribbean Gr. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 12% leaning bullish and 50% bearish. Among these notable options, 3 are puts, totaling $192,295, and 5 are calls, amounting to $708,730.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $140.0 to $167.5 for Royal Caribbean Gr over the last 3 months.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Royal Caribbean Gr's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Royal Caribbean Gr's whale activity within a strike price range from $140.0 to $167.5 in the last 30 days.

Royal Caribbean Gr 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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.

In light of the recent options history for Royal Caribbean Gr, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Royal Caribbean Gr's Current Market Status

• With a volume of 1,154,232, the price of RCL is down -0.74% at $161.48.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 14 days.

Professional Analyst Ratings for Royal Caribbean Gr

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $189.5.

• An analyst from Citigroup has decided to maintain their Buy rating on Royal Caribbean Gr, which currently sits at a price target of $204.
• An analyst from JP Morgan has decided to maintain their Overweight rating on Royal Caribbean Gr, which currently sits at a price target of $175.

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.