Bearish flow noted in Carnival (CCL) with 20,494 puts trading, or 1.2x expected. Most active are 3/28 weekly 18 puts and 3/28 weekly 21.5 calls, with total volume in those strikes near 15,600 contracts. The Put/Call Ratio is 2.01, while ATM IV is up over 3 points on the day. Earnings are expected on June 25th.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CCL:
- Carnival’s Strong Financial Performance and Attractive Valuation Justify Buy Rating
- Carnival Corporation’s Earnings Call Highlights Robust Growth
- Carnival price target lowered to $21 from $25 at Loop Capital
- Carnival price target raised to $31 from $30 at Stifel
- Carnival price target lowered to $30 from $31 at Citi