Carnival's Options Frenzy: What You Need to Know – Carnival (NYSE:CCL)

The financial giants have made a noticeable downward move on the occasion of the carnival. Our analysis of the options history for Carnival CCL revealed 8 unusual trades.

Upon closer inspection, we found that 12% of traders were bullish while 87% were bearish. Of all the trades we discovered, 3 were puts valued at $224,605 ​​and 5 were calls valued at $807,074.

Forecasted price targets

Based on trading activity, it appears that significant investors are targeting a price range of $10.0 to $27.0 for Carnival over the past three months.

Volume and open interest development

In today's trading context, the average open interest for Carnival options is 8118.29, with a total volume of 6,665.00. The accompanying chart shows the movement of call and put option volume and open interest for high-quality deals in Carnival that are within the strike price range of $10.0 to $27.0 over the past 30 days.

Carnival Call and Put Volume: 30-Day Overview

Significant options trades discovered:

About carnival

Carnival is the largest global cruise company with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises and Seabourn in North America; P&O Cruises and Cunard Line in the UK; Aida in Germany; Costa cruises in southern Europe. The P&O Australia brand is currently being integrated into Carnival. The company also owns Holland America Princess Alaska Tours in Alaska and Yukon, Canada. Carnival's brands attracted nearly 13 million guests in 2019, pre-Covid-19, a level reached again in 2023.

Current carnival market stall

• With a trading volume of 7,100,065, the price of CCL fell -1.59% to reach $21.11.
• Current RSI readings suggest the stock may be overbought.
• The next earnings report is scheduled for 57 days.

What analysts say about carnival

A total of 5 professional analysts have expressed their opinion on this stock in the last 30 days, setting an average price target of $24.9.

Turn $1,000 into $1,270 in just 20 days?

The 20-year-old professional options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have averaged a 27% profit every 20 days. Click here for access. * A Morgan Stanley analyst has decided to maintain an underweight rating on Carnival, which currently stands at a price target of $16. * An analyst at Mizuho has decided to maintain an “outperform” rating on Carnival, which currently stands at a price target of $26. * A Citigroup analyst maintained his stance and maintained a Buy rating on Carnival, targeting a price of $28. * An analyst at Tigress Financial has decided to maintain his Buy rating on Carnival, which currently stands at a price target of $28. * A Macquarie analyst maintains an Outperform rating on Carnival and maintains a $26 price target.

Options trading carries higher risks and potential rewards. Smart traders manage these risks by continually educating themselves, adjusting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay up to date on the latest Carnival options trades with real-time alerts from Benzinga Pro.