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 11 unusual options trades for Carnival.
This is not normal.
The overall sentiment of these big money traders is split between 54% bullish and 45% bearish.
Of all the special options we uncovered, 8 are puts, for a total of $460,137, and 3 are calls, for a total of $100,679.
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 $10.0 to $15.0 for carnivals over the past 3 months.
Volume and development of open interest
Looking at volume and open interest is an insightful way to perform due diligence on a stock.
This data can help you track liquidity and interest in Carnival options for a given strike price.
Below, we can observe the evolution of the volume and the open interest of calls and puts, respectively, for all of Carnival’s whale activity within a strike price range of $10.0 to $15.0 in the last 30 days.
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 | 19.01.24 | $15.00 | 148.7 thousand dollars | 41.8 thousand | 501 |
| CCL | SETTLING | ERASE | wave | 17.03.23 | $10.00 | 81.5 thousand dollars | 41.4K | 672 |
| CCL | SETTLING | ERASE | BULLY | 28.10.22 | $12.00 | 44.2 thousand dollars | 850 | 200 |
| CCL | SETTLING | ERASE | BULLY | 28.10.22 | $12.00 | 42.0 thousand dollars | 850 | 850 |
| CCL | call | ERASE | wave | 16.09.22 | $10.00 | 41.4 thousand dollars | 40.9 thousand | 2.5 thousand |
| symbol | PUT/CALL | Type of trade | Feeling | Exp. date | Fixed price | Total trade price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CCL | SETTLING | ERASE | BULLY | 19.01.24 | $15.00 | 148.7 thousand dollars | 41.8 thousand | 501 |
| CCL | SETTLING | ERASE | wave | 17.03.23 | $10.00 | 81.5 thousand dollars | 41.4K | 672 |
| CCL | SETTLING | ERASE | BULLY | 28.10.22 | $12.00 | 44.2 thousand dollars | 850 | 200 |
| CCL | SETTLING | ERASE | BULLY | 28.10.22 | $12.00 | 42.0 thousand dollars | 850 | 850 |
| CCL | call | ERASE | wave | 16.09.22 | $10.00 | 41.4 thousand dollars | 40.9 thousand | 2.5 thousand |
Where is the carnival now?
- With a volume of 16,252,786, CCL price is down -3.68% to $10.21.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Future earnings are expected to be released within 14 days.
Options are a riskier asset compared to just trading stocks, 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.
