tradeMONSTER: Trade free for 90 days

Options Trading News

September 17, 2013  Tue 3:16 AM CT

RCL: SEE CHART GET CHAIN FIND STRATEGIES
A volatility play topped the option action in Royal Caribbean Cruises as shares hit a two-year high.

optionMONSTER systems show that a trader bought 4,000 January 39 puts for the ask price of $2.49. The previous open interest at that strike was just 266 contracts, so it is clearly a new position.

Less than a minute later, a single print of 175,000 shares of RCL was bought for $39.83. That matched the delta of the options position, creating a position that is looking for higher volatility and/or a move sharply higher or lower in either direction. (See our Education section)

RCL rose 1.53 percent to $39.79 yesterday, its highest close since May 2011. The cruise-line operator bounced off support at $32 in late June. 
Share this article with your friends


Related Stories

RCL

Can Royal Caribbean keep cruising?

December 15, 2014

The cruise-line operator has enjoyed strong profit and bookings and now stands to reap potentially further benefits from lower fuel prices.

tradeMONSTER: Trade free for 90 days

Premium Services

Archived Webinar

The Art of Trading: Forgiving the Spread

Education & Strategy

Know thy Greeks!

One of the most important roles played by the Option Pricing Model is the calculation of an important family of...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER