Bullish Unusual Options Activity on CCL Sep 9.50 call

27 בספט׳ 2022

CCL 325K in premium traded for $9.5 strike calls for Friday September 30th 2022 expiration traded today.

Unusual Activity for $9.5 calls about 28,000 contracts traded throughout the day @ approx $0.25 per contract (Above Open interest of only 3200)

Carnival Corp earnings date is 09/29/2022 Thursday

Stock is at an interesting price level. If stock price moves up and IV increases could help add premium value to the call options.

Risks : Short Expiration - Theta Risk. Earnings Risks.

I would recommend a vertical spread to keep theta at bay especially after earnings when IV will drop reducing the price of the options if you expect to hold this past earning.

Entry Above: 9.01
Target 9.36, 9.65, 9.96
SL close below 8.74

You can use the above levels to trade the stock as well with risk reward ratio of approx 3.65 (defined risk)

Follow more unusual activity signup using my referral link marketaction.live/signup?refCode=7lefUdSAA0VZEbY9BEM2pMR1PoL2

Important Note: This is a short duration contract with earnings risk. Please trade responsibly.
Please let me know in the comment if you find this useful.