Check Out What Whales Are Doing With CCL

Whales with a lot of money to spend have taken a noticeably bearish stance on Carnival.

Looking at options history for Carnival CCL we detected 16 trades.

If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $127,181 and 13, calls, for a total amount of $1,165,281.

Latest Startup Investment Opportunities:

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.5 to $22.0 for Carnival over the recent three 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 $12.5 to $22.0 in the last 30 days.

Carnival Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

About Carnival

Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. 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 reached again in 2023.

Having examined the options trading patterns of Carnival, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Carnival's Current Market Status

• Trading volume stands at 13,174,302, with CCL's price up by 2.33%, positioned at $17.79.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 75 days.

What Analysts Are Saying About Carnival

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $23.0.

• An analyst from Wells Fargo persists with their Equal-Weight rating on Carnival, maintaining a target price of $22.
• Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Carnival with a target price of $24.
• Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Carnival, targeting a price of $25.
• In a positive move, an analyst from Wells Fargo has upgraded their rating to Overweight and adjusted the price target to $22.
• An analyst from Macquarie persists with their Outperform rating on Carnival, maintaining a target price of $22.

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.