Carnival Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bullish stance on Carnival.

Looking at options history for Carnival CCL we detected 25 strange trades.

If we consider the specifics of each trade, it is accurate to state that 56% of the investors opened trades with bullish expectations and 44% with bearish.

From the overall spotted trades, 11 are puts, for a total amount of $601,778 and 14, calls, for a total amount of $1,269,293.

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 $1.0 to $20.0 for Carnival 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 Carnival'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 Carnival's whale trades within a strike price range from $1.0 to $20.0 in the last 30 days.

Carnival Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CCL CALL SWEEP BULLISH 01/19/24 $12.50 $207.9K 17.0K 664
CCL CALL TRADE BEARISH 01/17/25 $5.00 $180.0K 823 227
CCL PUT TRADE BULLISH 01/19/24 $10.00 $168.9K 37.6K 1.0K
CCL CALL TRADE BULLISH 11/18/22 $9.00 $109.0K 20.5K 1.0K
CCL CALL SWEEP BEARISH 11/18/22 $9.00 $106.2K 20.5K 2.0K

Where Is Carnival Standing Right Now?

  • With a volume of 33,395,131, the price of CCL is up 6.42% at $11.28.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 34 days.

What The Experts Say On Carnival:

  • UBS has decided to maintain their Buy rating on Carnival, which currently sits at a price target of $16.
  • Tigress Financial has decided to maintain their Buy rating on Carnival, which currently sits at a price target of $13.

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.

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Posted In: OptionsMarketsBZI-UOA
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