27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
A whale with a lot of money to spend has taken a noticeably bearish stance on Carnival.
Looking at options history for Carnival (NYSE:CCL) we detected 15 strange trades.
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If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 73% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $700,081 and 13, calls, for a total amount of $514,231.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $9.0 to $15.0 for Carnival over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Carnival options trades today is 15581.86 with a total volume of 25,004.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Carnival's big money trades within a strike price range of $9.0 to $15.0 over the last 30 days.
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Carnival Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CCL | PUT | TRADE | BULLISH | 01/19/24 | $10.00 | $660.0K | 37.3K | 2.0K |
| CCL | CALL | SWEEP | NEUTRAL | 11/18/22 | $9.00 | $72.5K | 15.5K | 1.7K |
| CCL | CALL | SWEEP | BEARISH | 03/17/23 | $10.00 | $51.0K | 11.7K | 3.1K |
| CCL | CALL | SWEEP | BULLISH | 03/17/23 | $10.00 | $49.2K | 11.7K | 2.8K |
| CCL | CALL | SWEEP | BEARISH | 06/16/23 | $10.00 | $45.3K | 9.5K | 284 |
Where Is Carnival Standing Right Now?
- With a volume of 41,804,709, the price of CCL is up 1.51% at $8.75.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 54 days.
What The Experts Say On Carnival:
- Susquehanna has decided to maintain their Neutral rating on Carnival, which currently sits at a price target of $8.
- Morgan Stanley has decided to maintain their Underweight rating on Carnival, which currently sits at a price target of $6.
- UBS has decided to maintain their Buy rating on Carnival, which currently sits at a price target of $8.
- Barclays has decided to maintain their Overweight rating on Carnival, which currently sits at a price target of $10.
- Wells Fargo has decided to maintain their Underweight rating on Carnival, which currently sits at a price target of $7.
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.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.