This past week, there were 3x the Carnival (CCL) normal options volume, the cruise line giant, says Jay Soloff of Investors Alley.
Cruise line stocks have been very active during the pandemic, but CCL got a big boost last week when it announced that it would be ramping up capacity through the end of the year.
What’s more, the company is replacing its expensive debt with a more reasonable bond offering. 72% of the action in CCL options was in calls, which is generally a bullish signal, although it’s not a surprise given the positive news on the stock.
Learn more about Jay Soloff at Investors Alley.