Financial giants have made a conspicuous bearish move on Carnival. Our analysis of options history for Carnival (NYSE:CCL) revealed 11 unusual trades.

Delving into the details, we found 18% of traders were bullish, while 63% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $206,670, and 7 were calls, valued at $577,607.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $25.0 to $30.0 for Carnival during the past quarter.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Carnival stands at 4057.33, with a total volume reaching 6,049.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Carnival, situated within the strike price corridor from $25.0 to $30.0, throughout the last 30 days.

Carnival Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

About Carnival

Current Position of Carnival

• With a volume of 11,655,236, the price of CCL is up 0.9% at $28.16.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 55 days.

Expert Opinions on Carnival

In the last month, 2 experts released ratings on this stock with an average target price of $26.0.

Unusual Options Activity Detected: Smart Money on the Move

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.