Examining the specifics of the trades, there were 3 put options that totaled $320,209, contrasting with 12 call options that amounted to $507,095. Traders appear to be focusing on a price range between $17.0 to $22.0 for Carnival over the previous three months. The current interest in options trading for Carnival suggests a mean open interest of 15,778.4, with a total trading volume hitting 12,506. These figures provide insight into the liquidity and sentiment surrounding the stock.
Carnival holds a significant position in the global cruise industry, operating 92 ships as of the end of fiscal 2023. Its well-known brand family includes names like Carnival Cruise Lines and Holland America. The company recently started combining its P&O Australia brand with its Carnival operations. Prior to the COVID-19 pandemic, Carnival attracted almost 13 million guests in 2019, and that figure has returned to the same level in 2023. Analysts maintain a somewhat bullish outlook, with five professionals estimating a price target of $22.4 for the stock. Trading options carries risks but can lead to higher profits when approached with the right strategies and awareness of market changes.
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