A whale with plenty of money to spend has taken a distinctly Bulgarian stance Carnival.
Viewing the history of carnival options CCL we discovered 11 strange trades.
If we consider the specifics of each trade, it is correct to say that 63% of investors opened trades with bullish expectations and 36% with bearish ones.
Of the total dirty trades, 6 were puts, for a total amount of $15,772,239, and 5 were calls, for a total amount of $326,858.
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 $7.5 to $17.5 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 Carnival whale activity within a strike price range of $7.5 to $17.5 in the 30 days of 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 | commerce | NEUTRAL | 19.01.24 | $10.00 | 15.5 million dollars | 76.8 thousand | 50.0 thousand |
| CCL | call | commerce | BULLY | 20.01.23 | $7.50 | 150.7 thousand dollars | 2.8 thousand | 589 |
| CCL | SETTLING | ERASE | wave | 20.01.23 | $12.50 | 113.1 thousand dollars | 38.5 thousand | 333 |
| CCL | SETTLING | ERASE | BULLY | 21.10.22 | $10.00 | 67.5 thousand dollars | 29.5 thousand | 576 |
| CCL | call | ERASE | BULLY | 10/07/22 | $10.00 | 52.2 thousand dollars | 1.7 thousand | 2.2 thousand |
| symbol | PUT/CALL | Type of trade | Feeling | Exp. date | Fixed price | Total trade price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CCL | SETTLING | commerce | NEUTRAL | 19.01.24 | $10.00 | 15.5 million dollars | 76.8 thousand | 50.0 thousand |
| CCL | call | commerce | BULLY | 20.01.23 | $7.50 | 150.7 thousand dollars | 2.8 thousand | 589 |
| CCL | SETTLING | ERASE | wave | 20.01.23 | $12.50 | 113.1 thousand dollars | 38.5 thousand | 333 |
| CCL | SETTLING | ERASE | BULLY | 21.10.22 | $10.00 | 67.5 thousand dollars | 29.5 thousand | 576 |
| CCL | call | ERASE | BULLY | 10/07/22 | $10.00 | 52.2 thousand dollars | 1.7 thousand | 2.2 thousand |
Where is the carnival standing now?
- With a volume of 39,815,200, the price of CCL rose 1.97% to $9.07.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- The next earnings are expected to be released in 83 days.
What carnival experts say:
- Truist Securities has decided to maintain their sell rating on Carnival, which currently has a price target of $10.
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.
