Decoding Royal Caribbean Gr's Options Activity: What's the Big Picture?

Deep-pocketed investors have adopted a bearish 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 9 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 11% leaning bullish and 88% bearish. Among these notable options, 6 are puts, totaling $244,772, and 3 are calls, amounting to $187,820.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $95.0 to $135.0 for Royal Caribbean Gr over the recent three months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Royal Caribbean Gr's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Royal Caribbean Gr's substantial trades, within a strike price spectrum from $95.0 to $135.0 over the preceding 30 days.

Royal Caribbean Gr Call and Put Volume: 30-Day Overview

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
RCL CALL TRADE NEUTRAL 06/21/24 $110.00 $100.1K 3.1K 50
RCL CALL SWEEP BEARISH 04/19/24 $105.00 $61.3K 18.8K 30
RCL PUT SWEEP BEARISH 02/16/24 $110.00 $55.1K 3.0K 286
RCL PUT SWEEP BEARISH 02/16/24 $110.00 $42.0K 3.0K 472
RCL PUT SWEEP BULLISH 06/21/24 $97.50 $39.6K 246 128

About Royal Caribbean Gr

Royal Caribbean is the world's second-largest cruise company, operating 64 ships across five global and partner brands in the cruise vacation industry, with 10 more ships on order. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises, allowing it to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in the first quarter of 2021.

Current Position of Royal Caribbean Gr

  • With a volume of 659,693, the price of RCL is down -0.34% at $123.0.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 25 days.

What The Experts Say On Royal Caribbean Gr

In the last month, 2 experts released ratings on this stock with an average target price of $148.5.

  • An analyst from Argus Research has decided to maintain their Buy rating on Royal Caribbean Gr, which currently sits at a price target of $142.
  • Maintaining their stance, an analyst from Tigress Financial continues to hold a Buy rating for Royal Caribbean Gr, targeting a price of $155.

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.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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