Financial giants have made a conspicuous bearish move on Carnival. Our analysis of options history for Carnival CCL revealed 10 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $229,300, and 8 were calls, valued at $1,136,525.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $10.0 and $25.0 for Carnival, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Carnival options trades today is 6343.0 with a total volume of 5,112.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Carnival's big money trades within a strike price range of $10.0 to $25.0 over the last 30 days.
Carnival Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CCL | CALL | SWEEP | BULLISH | 06/21/24 | $17.50 | $248.0K | 8.9K | 2.0K |
| CCL | CALL | TRADE | BEARISH | 06/21/24 | $17.50 | $240.0K | 8.9K | 1.0K |
| CCL | CALL | TRADE | BEARISH | 06/21/24 | $17.50 | $240.0K | 8.9K | 9 |
| CCL | PUT | TRADE | BULLISH | 04/19/24 | $22.00 | $203.9K | 0 | 988 |
| CCL | CALL | SWEEP | BEARISH | 01/19/24 | $10.00 | $172.5K | 14.0K | 0 |
About Carnival
Carnival is the largest global cruise company, with 90 ships in service at the end of fiscal 2022. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe; and P&O Cruises in Australia. Carnival also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted about 13 million guests in 2019, prior to COVID-19, a level it should reach again in 2023.
In light of the recent options history for Carnival, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Carnival
- Currently trading with a volume of 7,114,873, the CCL's price is up by 1.88%, now at $16.81.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 14 days.
What Analysts Are Saying About Carnival
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $17.333333333333332.
- An analyst from Melius Research has elevated its stance to Buy, setting a new price target at $19.
- Maintaining their stance, an analyst from Truist Securities continues to hold a Hold rating for Carnival, targeting a price of $15.
- Reflecting concerns, an analyst from Citigroup lowers its rating to Buy with a new price target of $18.
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 Carnival options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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