Whales with a lot of money to spend have taken a noticeably bearish stance on Carnival.
Looking at options history for Carnival CCL we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 0% of the investors opened trades with bullish expectations and 100% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $697,166 and 4, calls, for a total amount of $140,130.
Latest Startup Investment Opportunities:
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 $14.0 to $20.0 for Carnival over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Carnival options trades today is 17334.75 with a total volume of 16,837.00.
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 $14.0 to $20.0 over the last 30 days.
Carnival 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CCL | PUT | TRADE | BEARISH | 06/21/24 | $0.49 | $0.48 | $0.49 | $14.00 | $524.0K | 14.9K | 4.1K |
| CCL | PUT | SWEEP | BEARISH | 06/21/24 | $0.48 | $0.46 | $0.48 | $14.00 | $57.7K | 14.9K | 4.0K |
| CCL | PUT | TRADE | BEARISH | 06/21/24 | $0.48 | $0.46 | $0.48 | $14.00 | $48.0K | 14.9K | 2.8K |
| CCL | CALL | SWEEP | BEARISH | 07/19/24 | $0.89 | $0.86 | $0.86 | $15.00 | $39.1K | 7.9K | 537 |
| CCL | PUT | SWEEP | BEARISH | 06/21/24 | $0.48 | $0.46 | $0.48 | $14.00 | $38.1K | 14.9K | 1.8K |
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 reached again in 2023.
Having examined the options trading patterns of Carnival, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Carnival
- Currently trading with a volume of 8,781,242, the CCL's price is up by 0.27%, now at $14.6.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 41 days.
Professional Analyst Ratings for Carnival
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $21.0.
- An analyst from UBS has decided to maintain their Buy rating on Carnival, which currently sits at a price target of $21.
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.
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