Almost 5,000 RCL March 100 calls were purchased for between 3.40 and 3.60.
Royal Caribbean Cruises LTD (RCL), which is trading at 92.50, has an IV30 of 38%, an HV10 of 30.88, an ADV of 2,500 contracts and open interest of 77,500. RCL has been seeing bullish call action in March in which almost 5,000 of the March 100 calls were purchased?for between 3.40 and?3.60.
The trader is making a bet that the underlying is going to have a better than 10% move higher between now and the March expiration as the stock is currently trading 92.50 and these calls break even around 103.50.
This trade should be considered aggressively bullish the underlying and bullish volatility in RCL.