Check Out What Whales Are Doing With RCL

Check Out What Whales Are Doing With RCL

Someone with a lot of money to spend has taken a bullish stance on Royal Caribbean Gr RCL.

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 this whale just did?

Today, Benzinga's options scanner spotted 18 uncommon options trades for Royal Caribbean Gr.

This isn't normal.

The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $322,155, and 10 are calls, for a total amount of $471,259.

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 $22.5 to $85.0 for Royal Caribbean Gr over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Royal Caribbean Gr'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 Gr's whale activity within a strike price range from $22.5 to $85.0 in the last 30 days.

Royal Caribbean Gr 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 CALL SWEEP BULLISH 01/19/24 $67.50 $77.0K 13 75
RCL CALL SWEEP BEARISH 02/17/23 $80.00 $58.5K 99 837
RCL PUT SWEEP BULLISH 01/19/24 $47.50 $54.8K 0 141
RCL CALL TRADE BULLISH 01/19/24 $57.50 $53.4K 1 37
RCL CALL SWEEP BULLISH 01/19/24 $85.00 $49.3K 2.4K 100

Where Is Royal Caribbean Gr Standing Right Now?

  • With a volume of 1,753,996, the price of RCL is down -0.76% at $57.19.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 58 days.

What The Experts Say On Royal Caribbean Gr:

  • Wells Fargo has decided to maintain their Overweight rating on Royal Caribbean Gr, which currently sits at a price target of $67.
  • JP Morgan downgraded its action to Underweight with a price target of $47
  • UBS has decided to maintain their Buy rating on Royal Caribbean Gr, which currently sits at a price target of $76.
  • Truist Securities has decided to maintain their Hold rating on Royal Caribbean Gr, which currently sits at a price target of $62.

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 Royal Caribbean Gr, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets