Carnival Corp. shares are down .26 to 36.76 today. ?CCL is near the middle of the 52-week range
Today paper traded 17186/34372 CCL Jan 2015 36.5/41 call spreads for 1.65. The ADV is 3343 contracts.? The OI is 19055 and 921 contracts.
The volume went up in two blocks. The trade has the 36.5 calls marking near the bid with the 41s marking near the offer.? Most likely this is a customer selling out the 36.5 calls after a ride up and moving into the 41 calls.? The paper flow looks long term bullish if the 36.5 strike is a close.
30-day implied volatility is 24%.?? 10-day implied volatility is 19%.? 30-day implied volatility is trading above the 10-day historical volatility.
Carnival Corporation is a cruise company.?