Unpacking the Latest Options Trading Trends in Royal Caribbean Gr
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Royal Caribbean Gr (NYSE:RCL), with 80% of the notable options activity being bearish. The options trading trends indicate a focus on a price band between $70.0 and $150.0. The largest trades include both calls and puts with varying sentiments and strike prices. Royal Caribbean, the world's second-largest cruise company, has seen its stock price increase by 2.08%, currently at $139.72. Analysts from Macquarie and Goldman Sachs have set an average price target of $161.0, with ratings of Outperform and Buy, respectively.
March 27, 2024 | 8:30 pm
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Bearish options trading trend observed, with a significant focus on a price band between $70.0 and $150.0. Stock price currently up at $139.72, with analysts setting an average target of $161.0.
The bearish sentiment from options traders could indicate market concerns or speculation about RCL's future performance. However, the stock's current uptrend and positive analyst ratings suggest a mixed outlook. The significant options activity and the analysts' price targets are critical for investors, indicating potential volatility and investor interest in RCL.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100