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.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RCL:
- Royal Caribbean put volume heavy and directionally bearish
- 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