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Option Update: Royal Caribbean and Carnival put volume and volatility spike

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Royal Caribbean Cruises Ltd. (NYSE: RCL) recently down $1.03 to $20.31:


RCL is expected to report Q2 EPS in late July. RCL call option volume of 2,789 contracts compared to put volume of 8,808 contracts. RCL July option implied volatility was at 67, August at 74; above its 26-week average of 47 according to Track Data, suggesting larger price movement.

Carnival Corporation (NYSE: CCL) recently down $1.57 to $30.83:

CCL call option volume of 7,827 contracts compared to put volume of 33,198 contracts. CCL July option implied volatility was at 50, August at 58; above its 26-week average of 39 according to Track Data, suggesting larger price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

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Last updated: November 25, 2009: 02:27 PM

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