Put volume picked up again in Royal Caribbean (P/C Chart, news) Monday. Shares edged up 2 pennies to $7.36 and 9,320 contracts traded, compared to 2032 puts. The top trade of the day: 1,490 Sept 2.5 puts (gulp) at the offer for 55 cents. With existing open interest of 448, looks like an opening put buy. Recall that RCL were also active before and after Ãƒâ€šÃ‚Â earnings on Jan 28, with some traders citing liquidity concerns for the uptick in put volume.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.