Mixed options sentiment in Carnival (CCL), with shares down 24c near $25.50. Options volume roughly in line with average with 24k contracts traded and calls leading puts for a put/call ratio of 0.77, compared to a typical level near 1.59. Implied volatility (IV30) is higher by 0.0 points near 60.02,in the top quartile of the past year, suggesting an expected daily move of $0.96. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Overweight at Morgan Stanley.
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