Carnival Option Alert: Fri $16 Calls Sweep (21) near the Ask: 1719 @ $0.15 vs 3562 OI; Earnings 9/19 Before Open [est] Ref=$15.55
Portfolio Pulse from Charles Gross
Carnival Corporation (CCL) has seen a significant option alert with Friday $16 calls sweep near the ask, with 1719 contracts at $0.15 versus an open interest of 3562. The company is expected to release its earnings on 9/19 before the market opens.

August 22, 2023 | 5:39 pm
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POSITIVE IMPACT
The significant option alert could indicate that investors are expecting a positive earnings report from Carnival Corporation, potentially leading to an increase in the stock price.
The significant option alert, specifically the $16 calls sweep, indicates that investors are expecting the stock price to rise above $16. This could be due to the anticipation of a positive earnings report. If the earnings report is indeed positive, it could lead to an increase in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100