Financial giants have made a conspicuous bullish move on Carnival. Our analysis of options history for Carnival CCL revealed 8 unusual trades.
Delving into the details, we found 62% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $539,270, and 3 were calls, valued at $284,700.
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 $12.0 and $16.5 for Carnival, spanning the last three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Carnival's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Carnival's significant trades, within a strike price range of $12.0 to $16.5, over the past month.
Carnival 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CCL | PUT | TRADE | BEARISH | 09/20/24 | $0.51 | $0.48 | $0.51 | $16.00 | $382.5K | 12.8K | 7.6K |
| CCL | CALL | TRADE | BULLISH | 12/19/25 | $5.85 | $5.6 | $5.75 | $12.00 | $115.0K | 7.4K | 200 |
| CCL | CALL | SWEEP | BULLISH | 01/17/25 | $3.25 | $3.2 | $3.25 | $14.00 | $89.7K | 1.5K | 526 |
| CCL | CALL | SWEEP | BULLISH | 01/17/25 | $3.2 | $3.15 | $3.2 | $14.00 | $80.0K | 1.5K | 250 |
| CCL | PUT | SWEEP | BEARISH | 09/13/24 | $0.66 | $0.62 | $0.66 | $16.50 | $57.7K | 10.3K | 1.0K |
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.
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.
Current Position of Carnival
- With a trading volume of 6,431,367, the price of CCL is up by 2.14%, reaching $16.0.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 18 days from now.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
