Quantchabot has detected a new Bull Call Spread trade opportunity for CARNIVAL (CCL) for the 20-Jun-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
CCL was recently trading at $22.00 and has an implied volatility of 40.53% for this period. Based on an analysis of the options available for CCL expiring on 20-Jun-2025, there is a 34.18% likelihood that the underlying will close within the analyzed range of $22.11-$25.27 at expiration. In this scenario, the average linear return for the trade would be 10.35%.
Big 8.99% Change: After closing the last trading session at $20.19, CARNIVAL opened today at $21.59 and has reached a high of $22.21.
Trade approach: A movement as big as 8.99% is a significantly bullish indicator, so this trade is designed to be profitable if CCL maintains its current direction and does not revert back to pricing on the bearish side of $22.00 on 20-Jun-2025. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if CARNIVAL closes at or above $21.79 on 20-Jun-2025. Based on our risk-neutral analysis, there is a 54.38% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
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