Looking At Royal Caribbean's Smart Money Trades

Someone with a lot of money to spend (and possibly insider knowledge) has taken an unusually bearish stance on Royal Caribbean.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with RCL, it often means somebody knows something is about to happen.

So how do we know what the Smart Money just did?

Today, Benzinga's options scanner spotted 11 uncommon options trades for Royal Caribbean Gr RCL.

This isn't normal.

The overall sentiment of these big-money traders is split between 9.09% bullish and 90.91%, bearish.

Out of all of the special options we uncovered, 10 are puts, for a total amount of $470,546, and 1 are calls, for a total amount of $1,885,000.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that the smart money is targeting a price range from $60.0 to $80.0 for Royal Caribbean in the over the last 3 months.

Volume & Open Interest Development

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 Royal Caribbean'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 Royal Caribbean's smart money trades within a strike price range from $60 to $80 in the last 30 days.

Royal Caribbean Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
RCL PUT TRADE BEARISH 12/17/21 $60.00 $42.0K 2.6K 3.0K
RCL PUT TRADE BEARISH 12/17/21 $60.00 $28.0K 2.6K 3.0K
RCL PUT TRADE BEARISH 12/17/21 $60.00 $28.0K 2.6K 2.8K
RCL CALL TRADE BULLISH 01/20/23 $80.00 $1.8 million 5.7K 1.0K
RCL PUT TRADE BEARISH 12/17/21 $60.00 $28.0K 2.6K 2.4K

Where Is Royal Caribbean Standing Right Now?

  • With a volume of 1,338,201, the price of RCL is up 0.01% over the last 24 hours at $83.27.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 42 days.

What The Experts Say On Royal Caribbean:

  • Deutsche Bank has decided to maintain their Hold rating on Royal Caribbean, which currently sits at a price target of $83.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...