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 17 trades.
If we consider the specifics of each trade, it is accurate to state that 58% of the investors opened trades with bullish expectations and 35% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $169,158 and 13, calls, for a total amount of $754,586.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $20.0 to $28.0 for Carnival during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Carnival'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 Carnival's whale trades within a strike price range from $20.0 to $28.0 in the last 30 days.
Carnival Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| 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 | $1.93 | $1.92 | $1.92 | $25.00 | $192.3K | 34.2K | 1.4K |
| CCL | CALL | SWEEP | BEARISH | 01/17/25 | $1.4 | $1.39 | $1.4 | $26.00 | $65.0K | 2.9K | 1.2K |
| CCL | CALL | TRADE | BULLISH | 01/17/25 | $1.42 | $1.39 | $1.42 | $26.00 | $63.0K | 2.9K | 3.2K |
| CCL | CALL | TRADE | NEUTRAL | 01/16/26 | $6.9 | $6.8 | $6.85 | $22.00 | $58.9K | 5.1K | 414 |
| CCL | CALL | TRADE | BULLISH | 01/17/25 | $1.41 | $1.36 | $1.4 | $26.00 | $52.3K | 2.9K | 2.8K |
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
Carnival's Current Market Status
- With a volume of 6,122,744, the price of CCL is down -0.16% at $25.3.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 22 days.
Expert Opinions on Carnival
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $27.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * In a cautious move, an analyst from Bernstein downgraded its rating to Market Perform, setting a price target of $26. * An analyst from B of A Securities has decided to maintain their Buy rating on Carnival, which currently sits at a price target of $28.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
