Notable Put Options Activity in Royal Caribbean Cruises

Shares of Royal Caribbean Cruises (NYSE: RCL) are lower on the session by 3.23%, currently trading at $27.82. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average.

Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2013 $23 put, which has traded 2,600 times on open interest of 91 contracts. Large lots are active on the name today.

Put volume is outpacing call volume by 5 to 1.

Royal Caribbean Cruises Ltd. is a cruise company. As of December 31, 2010, the company operated 40 ships in the cruise vacation industry with approximately 92,300 berths.