Financial Giants Make Bullish Moves
Financial giants have made a noticeable bullish move on Carnival. Analyzing the options history for Carnival (NYSE:CCL) revealed 9 unusual trades. Delving deeper, we found that 77% of traders displayed bullish sentiment, while 22% leaned towards bearish inclinations. Within the observed trades, 3 were puts valued at $98,829, and 6 were calls valued at $208,376.
Interpreting Expected Price Movements
Based on the trading activity, it seems that significant investors are targeting a price range between $16.0 and $35.0 for Carnival over the recent three months.
Volume & Open Interest Trends Analysis
Monitoring the volume and open interest is crucial in options trading for evaluating liquidity and interest levels. By observing the evolution of calls and puts within a strike price range from $16.0 to $35.0 over the past 30 days, valuable insights can be gleaned.
Unveiling Significant Options Trades
Exploring Carnival’s Profile
Carnival is recognized as the largest global cruise company, with 92 ships in operation as of the end of fiscal 2023. Its extensive portfolio encompasses a multitude of brands catering to various regions across the globe. The company’s brands attracted nearly 13 million guests in 2019, a milestone it managed to replicate in 2023 before the onset of the pandemic.
Current Position of Carnival
- With a trading volume of 12,725,200, Carnival’s stock price has experienced a -1.26% decline, currently standing at $18.76.
- RSI readings indicate that the stock may be approaching an overbought status.
- The anticipated earnings release is expected in 7 days.
Analyst Perspectives on Carnival
Over the last month, 2 experts have issued ratings for this stock, with an average target price of $26.0.
Insight into Unusual Options Activity
Benzinga Edge’s Unusual Options board identifies potential market movers before they materialize. Discover the strategic positions being taken by major players in the market.
* Upholding their perspective, an analyst from Mizuho maintains an Outperform rating for Carnival, with a target price of $25.
* Remaining steadfast in their evaluation, an analyst from Stifel sustains a Buy rating on Carnival, setting a target price of $27.
Options trading comes with heightened risks and rewards. Well-informed traders mitigate these risks by staying informed, adapting strategies, monitoring various indicators, and closely following market trends. Stay up-to-date on the latest Carnival options trades with real-time alerts from Benzinga Pro.
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