Royal Caribbean Gr's Options Frenzy: What You Need to Know

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 10 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 30% leaning bullish and 70% bearish. Among these notable options, 2 are puts, totaling $96,100, and 8 are calls, amounting to $709,767.

Latest Startup Investment Opportunities:

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $110.0 and $140.0 for Royal Caribbean Gr, spanning the last three months.

Volume & Open Interest Development

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 $110.0 to $140.0 over the preceding 30 days.

Royal Caribbean Gr 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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.

Having examined the options trading patterns of Royal Caribbean Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Royal Caribbean Gr

• With a trading volume of 2,098,687, the price of RCL is up by 0.98%, reaching $136.86.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 42 days from now.

Professional Analyst Ratings for Royal Caribbean Gr

In the last month, 4 experts released ratings on this stock with an average target price of $162.25.

• In a cautious move, an analyst from Goldman Sachs downgraded its rating to Buy, setting a price target of $162.
• Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Royal Caribbean Gr, targeting a price of $174.
• Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Royal Caribbean Gr, targeting a price of $153.
• An analyst from Macquarie has decided to maintain their Outperform rating on Royal Caribbean Gr, which currently sits at a price target of $160.

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 Royal Caribbean Gr, Benzinga Pro gives you real-time options trades alerts.