Shares of Carnival Corp (CCL) is trading down .27 to 37.66.? ?CCL is in the middle of the 52 week range.
Today paper traded 17157/33472 CCL Jan 2015 39.5/41.5 spreads for .35.? The ADV is 3587 contracts. The OI is 19144 and 35740 respectively.
The volume went up in 2 giant blocks.? The 39.5 calls marked sell which indicates the trader was unwinding a 1 x 2 call spread, selling the 39.5s and buying the 41.5s.? If the trade took in a solid credit to begin with the trade should have worked ok.? CCL just is hitting a 6 week low and the position was short to begin with.? This looks like good profit taking.
?30-day implied volatility is 18%.?? 10-day implied volatility is 18%.? 30 day implied volatility is trading at the 10 Day Historical volatility.
Carnival Corporation is a cruise company.?