Carnival Sees Heaviest Options Volume Since March as Stock Climbs
$Carnival(CCL.US$'s options market saw the heaviest trading volume since March as shares rallied after the company said late Monday that it will sunset its P&O Cruises Australia brand and fold those operations into the Carnival Cruise Line, increasing guest capacity for the highest-returning brand in its global portfolio.
"Guest demand remains incredibly strong so we're leveraging our scale in an even more meaningful way by absorbing an entire brand into the world's most popular cruise line," CEO Josh Weinstein said in the company's press release.
More than 258,000 contracts traded Tuesday, the most since March 28, data tracked by moomoo showed. Call options outnumbered put options 77:23. The stock closed 5.8% higher at $16.94.
The most-actively traded contract was the call option that gives the holders the right to buy the stock at $17 each by June 7. Volume for that call option reached 52,670, more than 41 times the open interest.
The day's total volume put Carnival in the ninth spot for the stocks with the highest options volume, behind $Tesla(TSLA.US$, $NVIDIA(NVDA.US$, $Apple(AAPL.US$, $Advanced Micro Devices(AMD.US$, $GameStop(GME.US$, $Palantir(PLTR.US$, $Marathon Digital(MARA.US$ and $Amazon(AMZN.US$.
Disclaimer: Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request. Moomoo does not guarantee favorable investment outcomes. The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy. All company analysis information is provided by third parties and not by Moomoo Financial Inc. Any illustrations, scenarios, or specific securities referenced herein are strictly for informational purposes and is not a recommendation. Past investment performance does not guarantee future results. Investing involves risk and the potential to lose principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Moomoo Senior News and Community Manager
Former editor at Bloomberg, then Lazard Asset Management. Posts aren’t investment advice. Views are just mine.
3284Followers
12Following
7921Visitors
Follow
OptionsKing : what's this have to do with Apple?
Moonie Bagswell : do you consider a medium turn hold or ? .
Justford OptionsKing: Shows up on all the feeds that are tagged in the post.