Bearish flow noted in Royal Caribbean with 2,651 puts trading, or 1.6x expected. Most active are 7/5 weekly 125 puts and 7/5 weekly 155 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 2.57, while ATM IV is up over 2 points on the day. Earnings are expected on July 25th.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RCL:
- Royal Caribbean price target raised to $204 from $165 at Citi
- Early notable gainers among liquid option names on June 25th
- Royal Caribbean price target raised to $175 from $173 at JPMorgan
- Cruise stocks down after Truist highlights report of Greek island restrictions
- Greece to restrict cruise ships visiting popular islands, Bloomberg says