Royal Caribbean put volume heavy and directionally bearish
The Fly

Royal Caribbean put volume heavy and directionally bearish

Bearish flow noted in Royal Caribbean with 5,228 puts trading, or 1.8x expected. Most active are 7/12 weekly 125 puts and 7/12 weekly 130 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 1.64, while ATM IV is up over 1 point on the day. Earnings are expected on July 25th.

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