What the Options Market Tells Us About Royal Caribbean Gr

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 8 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 37% leaning bullish and 62% bearish. Among these notable options, 3 are puts, totaling $122,938, and 5 are calls, amounting to $860,110.

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Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $87.5 and $130.0 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 $87.5 to $130.0 over the preceding 30 days.

Royal Caribbean Gr 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
RCL CALL TRADE BULLISH 06/21/24 $44.85 $44.05 $44.7 $87.50 $357.6K 109 80
RCL CALL TRADE BEARISH 10/18/24 $37.5 $36.3 $36.4 $100.00 $291.2K 24 80
RCL CALL SWEEP BULLISH 09/20/24 $20.5 $19.7 $20.18 $120.00 $101.9K 287 40
RCL CALL SWEEP NEUTRAL 09/20/24 $21.0 $19.65 $20.32 $120.00 $81.1K 287 0
RCL PUT TRADE BEARISH 01/16/26 $11.8 $11.75 $11.8 $105.00 $59.0K 216 0

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.

After a thorough review of the options trading surrounding Royal Caribbean Gr, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Royal Caribbean Gr's Current Market Status

  • Currently trading with a volume of 280,876, the RCL's price is up by 1.55%, now at $131.21.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 3 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.

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RCLRoyal Caribbean Group
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