Royal Carribean (RCL) is up 64 cents to $29.58 and options volume is 5X the average daily, led by a buyer of 20K June 25 puts at $1.075 per contract. It was tied to shares at $29.25 and appears to be a volatility play, the day after Goldman upped the stock to Neutral from Sell. Earnings due mid-to-late April.