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 15 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 20% leaning bullish and 80% bearish. Among these notable options, 2 are puts, totaling $148,500, and 13 are calls, amounting to $1,094,890.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $70.0 and $150.0 for Royal Caribbean Gr, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Royal Caribbean Gr options trades today is 530.17 with a total volume of 3,173.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Royal Caribbean Gr's big money trades within a strike price range of $70.0 to $150.0 over the last 30 days.
Royal Caribbean Gr Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RCL | CALL | TRADE | NEUTRAL | 04/19/24 | $115.00 | $252.0K | 1.1K | 112 |
| RCL | CALL | TRADE | NEUTRAL | 09/20/24 | $125.00 | $212.8K | 180 | 99 |
| RCL | PUT | SWEEP | BULLISH | 03/28/24 | $135.00 | $116.4K | 1.8K | 248 |
| RCL | CALL | TRADE | BEARISH | 09/20/24 | $120.00 | $87.0K | 191 | 30 |
| RCL | CALL | SWEEP | BEARISH | 04/12/24 | $132.00 | $79.8K | 441 | 100 |
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 8 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.
Current Position of Royal Caribbean Gr
- Trading volume stands at 2,819,960, with RCL's price up by 2.08%, positioned at $139.72.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 36 days.
Expert Opinions on Royal Caribbean Gr
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $161.0.
- An analyst from Macquarie persists with their Outperform rating on Royal Caribbean Gr, maintaining a target price of $160.
- An analyst from Goldman Sachs has revised its rating downward to Buy, adjusting the price target to $162.
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 Royal Caribbean Gr with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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