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Royal Caribbean Gr Unusual Options Activity For November 23

Someone with a lot of money to spend has taken a bullish stance on Royal Caribbean Gr RCL.

And retail traders should know.

We noticed this today when the big position showed up on 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 RCL, it often means somebody knows something is about to happen.

Today, Benzinga’s options scanner spotted 11 options trades for Royal Caribbean Gr.

This isn’t normal.

The overall sentiment of these big-money traders is split between 72% bullish and 27%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $34,680, and 10, calls, for a total amount of $828,880..

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $145.0 for Royal Caribbean Gr over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Royal Caribbean Gr options trades today is 566.0 with a total volume of 2,856.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Royal Caribbean Gr’s big money trades within a strike price range of $40.0 to $145.0 over the last 30 days.

Royal Caribbean Gr Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
RCL CALL TRADE BULLISH 01/19/24 $40.00 $132.0K 1.0K 100
RCL CALL TRADE BULLISH 01/19/24 $40.00 $132.0K 1.0K 100
RCL CALL TRADE BULLISH 01/19/24 $40.00 $132.0K 1.0K 50
RCL CALL SWEEP BULLISH 01/19/24 $40.00 $129.3K 1.0K 382
RCL CALL TRADE BULLISH 01/19/24 $40.00 $89.7K 1.0K 416

Where Is Royal Caribbean Gr Standing Right Now?

  • With a volume of 1,150,763, the price of RCL is down -0.03% at $58.78.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 72 days.

What The Experts Say On Royal Caribbean Gr:

  • Wells Fargo has decided to maintain their Overweight rating on Royal Caribbean Gr, which currently sits at a price target of $67.
  • Truist Securities has decided to maintain their Hold rating on Royal Caribbean Gr, which currently sits at a price target of $62.
  • Credit Suisse has decided to maintain their Outperform rating on Royal Caribbean Gr, which currently sits at a price target of $117.
  • UBS has decided to maintain their Buy rating on Royal Caribbean Gr, which currently sits at a price target of $76.
  • Wells Fargo has decided to maintain their Overweight rating on Royal Caribbean Gr, which currently sits at a price target of $63.

Options are a riskier asset compared to just trading the stock, 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 updated on the latest options trades for Royal Caribbean Gr, Benzinga Pro gives you real-time options trades alerts.

This post was originally published on this site

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