Carnival’s Options Frenzy: What You Need to Know – Carnival (NYSE:CCL)
Carnival, the largest global cruise company, is currently experiencing an options frenzy in the market. Whales with a lot of money to spend have taken a noticeably bearish stance on Carnival, with 75% of investors opening trades with bearish expectations. A total of 8 trades have been detected, with 4 puts totaling $185,049 and 4 calls totaling $408,529. The major market movers are focusing on a price band between $10.0 and $20.0 for Carnival, as seen in the trading volumes and Open Interest over the last three months.
Insights into Volume & Open Interest
The mean open interest for Carnival options trades today is 12467.0 with a total volume of 6,487.00. Monitoring the volume and open interest of call and put options for Carnival within a strike price range of $10.0 to $20.0 over the last 30 days shows significant options trades being made.
Current Position of Carnival
Carnival’s stock price is currently down by -4.12%, reaching $15.0 with a trading volume of 14,976,248. The current RSI values suggest that the stock may be approaching overbought territory. The next earnings report is scheduled for 26 days from now. Market experts have issued ratings for Carnival, with a consensus target price of $20.33. Analysts from UBS, Wells Fargo, and Truist Securities have provided insights into the stock’s performance and market position.
Options trading presents higher risks and potential rewards, and traders must stay informed about the latest Carnival options trades. Keep track of real-time alerts from Benzinga Pro to stay updated on market movements and make informed decisions.