Royal Caribbean Cruises Ltd (RCL) $48.94 +2.86%
Royal Caribbean (RCL) is up $1.39 to $48.97 and the Feb 45 – 49 put spread trades at $1.49, 419X. Looks buyer-initiated and has traded 1000X on ISE. Shares have been cruising lately, up nearly 40 percent since earnings were last reported on 10/26. Today’s spread trader might be a shareholder looking to lock-in recent gains or maybe a bearish investor making an outright bet that shares will sink in the weeks ahead.
Category: All Stocks, Large Cap Stocks, Travel & Leisure
Free Newsletter
If you enjoyed this article, sign up to receive more just like it.
About the Author (Author Profile)
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.
