Investors with a lot of money to spend have taken a bearish stance on Royal Caribbean Gr RCL.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RCL, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 14 uncommon options trades for Royal Caribbean Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 35% bullish and 64%, bearish.
Out of all of the special options we uncovered, 11 are puts, for a total amount of $2,250,091, and 3 are calls, for a total amount of $165,559.
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 $70.0 and $140.0 for Royal Caribbean Gr, spanning the last three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Royal Caribbean Gr's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Royal Caribbean Gr's substantial trades, within a strike price spectrum from $70.0 to $140.0 over the preceding 30 days.
Royal Caribbean Gr Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RCL | PUT | TRADE | BULLISH | 01/17/25 | $10.0 | $9.7 | $9.75 | $115.00 | $1.4M | 303 | 5 |
| RCL | PUT | TRADE | BULLISH | 06/21/24 | $5.35 | $5.2 | $5.2 | $120.00 | $156.0K | 1.1K | 62 |
| RCL | PUT | SWEEP | BEARISH | 04/26/24 | $6.5 | $6.45 | $6.5 | $128.00 | $113.7K | 92 | 0 |
| RCL | PUT | SWEEP | BULLISH | 01/17/25 | $19.1 | $18.75 | $18.75 | $135.00 | $105.0K | 799 | 56 |
| RCL | PUT | SWEEP | NEUTRAL | 04/26/24 | $6.0 | $5.6 | $6.0 | $128.00 | $105.0K | 92 | 175 |
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.
Present Market Standing of Royal Caribbean Gr
- Trading volume stands at 1,470,964, with RCL's price down by -0.09%, positioned at $127.06.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 9 days.
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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