Deep-pocketed investors have adopted a bullish approach towards Royal Caribbean Gr RCL, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in RCL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Royal Caribbean Gr. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 53% leaning bullish and 46% bearish. Among these notable options, 4 are puts, totaling $164,887, and 11 are calls, amounting to $931,859.
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 $55.0 to $95.0 for Royal Caribbean Gr over the last 3 months.
Insights into Volume & Open Interest
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 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 trades within a strike price range from $55.0 to $95.0 in the last 30 days.
Royal Caribbean Gr Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RCL | CALL | TRADE | BEARISH | 01/17/25 | $82.50 | $266.0K | 257 | 100 |
| RCL | CALL | SWEEP | BEARISH | 01/17/25 | $82.50 | $229.5K | 257 | 186 |
| RCL | CALL | SWEEP | BULLISH | 12/15/23 | $95.00 | $144.0K | 1.7K | 453 |
| RCL | CALL | TRADE | BULLISH | 01/17/25 | $55.00 | $60.0K | 2.2K | 2 |
| RCL | PUT | TRADE | BEARISH | 11/17/23 | $95.00 | $50.8K | 488 | 665 |
Present Market Standing of Royal Caribbean Gr
- Currently trading with a volume of 2,685,695, the RCL's price has up by 0.32%, now at $93.26. RSI readings suggest the stock is currently may be approaching overbought. Anticipated earnings release is in 90 days.
Expert Opinions on Royal Caribbean Gr:
- Morgan Stanley has decided to maintain their Equal-Weight rating on Royal Caribbean Gr, which currently sits at a price target of $100.
- Consistent in their evaluation, Susquehanna keeps a Positive rating on Royal Caribbean Gr with a target price of $120.
- HSBC downgraded its action to Buy with a price target of $115.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Royal Caribbean Gr options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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