Someone with a lot of money to spend has taken a bullish stance Carnival CCL.
And retailers need to know.
We noticed this today when the large position appeared in the publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don’t know. But when something this big happens with CCL, it often means that someone knows something is going to happen.
So how do we know what this whale did?
Today, Benzinga’s options scanner spotted 15 unusual options trades for Carnival.
This is not normal.
The overall sentiment of these big money traders is split between 66% bullish and 33% bearish.
Of all the special options we uncovered, 4 are puts, for a total of $454,245, and 11 are calls, for a total of $513,273.
What is the price target?
Considering the volume and open interest in these contracts, it appears that whales have been targeting a price range of $9.5 to $12.5 for carnivals over the past 3 months.
Volume and development of open interest
In terms of liquidity and interest, the average open interest for Carnival options trading today is 23187.6 with a total volume of 132,788.00.
In the chart below, we are able to follow the development of volume and open interest of calls and place options trading Carnival big money within a price range of $9.5 to $12.5 over 30 days the last.
Carnival option volume and open interest over the past 30 days
Largest options found:
| symbol | PUT/CALL | Type of trade | Feeling | Exp. date | Fixed price | Total trade price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CCL | SETTLING | ERASE | BULLY | 16.06.23 | $12.50 | 200.4 thousand dollars | 16.7 thousand | 500 |
| CCL | SETTLING | commerce | BULLY | 16.09.22 | $10.00 | 187.5 thousand dollars | 42.1 thousand | 2.5 thousand |
| CCL | call | ERASE | BULLY | 09/02/22 | $10.50 | 124.0 thousand dollars | 4.7 thousand | 37.6 thousand |
| CCL | call | ERASE | BULLY | 09/02/22 | $9.50 | 71.0 thousand dollars | 4.3 thousand | 3.5 thousand |
| CCL | call | commerce | wave | 21.04.23 | $10.00 | 45.4 thousand dollars | 70 | 400 |
| symbol | PUT/CALL | Type of trade | Feeling | Exp. date | Fixed price | Total trade price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CCL | SETTLING | ERASE | BULLY | 16.06.23 | $12.50 | 200.4 thousand dollars | 16.7 thousand | 500 |
| CCL | SETTLING | commerce | BULLY | 16.09.22 | $10.00 | 187.5 thousand dollars | 42.1 thousand | 2.5 thousand |
| CCL | call | ERASE | BULLY | 09/02/22 | $10.50 | 124.0 thousand dollars | 4.7 thousand | 37.6 thousand |
| CCL | call | ERASE | BULLY | 09/02/22 | $9.50 | 71.0 thousand dollars | 4.3 thousand | 3.5 thousand |
| CCL | call | commerce | wave | 21.04.23 | $10.00 | 45.4 thousand dollars | 70 | 400 |
Where is the carnival now?
- With a volume of 28,593,472, CCL price decreased -2.49% to $9.59.
- RSI indicators hint that the underlying stock may be approaching overbought.
- The next earnings are expected within 24 days.
Options are a riskier asset compared to stock trading, 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 up-to-date on the latest options trades for Carnival, Benzinga Pro gives you real-time options trade alerts.
