Financial giants have made a conspicuous bearish move on Carnival. Our analysis of options history for Carnival CCL revealed 16 unusual trades.
Delving into the details, we found 43% of traders were bullish, while 56% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $645,191, and 7 were calls, valued at $552,986.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $12.0 to $25.0 for Carnival over the last 3 months.
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 $12.0 to $25.0 in the last 30 days.
Carnival Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CCL | PUT | TRADE | NEUTRAL | 01/16/26 | $13.00 | $284.2K | 6.4K | 1.3K |
| CCL | CALL | SWEEP | BULLISH | 04/19/24 | $17.50 | $192.3K | 51 | 6 |
| CCL | CALL | TRADE | BEARISH | 12/18/26 | $25.00 | $135.0K | 1.0K | 0 |
| CCL | CALL | SWEEP | BULLISH | 03/28/24 | $17.50 | $84.6K | 7.1K | 3.0K |
| CCL | PUT | SWEEP | BULLISH | 07/19/24 | $15.00 | $81.9K | 9.7K | 100 |
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; and P&O Cruises in Australia. Carnival 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 has reached again in 2023.
Present Market Standing of Carnival
- With a volume of 15,249,320, the price of CCL is down -0.56% at $16.1.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 8 days.
What The Experts Say On Carnival
In the last month, 2 experts released ratings on this stock with an average target price of $23.0.
- An analyst from Stifel has decided to maintain their Buy rating on Carnival, which currently sits at a price target of $26.
- An analyst from Goldman Sachs downgraded its action to Buy with a price target of $20.
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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
