Carnival Shares Rise 0.89%
Moderately bullish activity in Carnival (CCL), with shares up 22c, or 0.89%, near $24.41. Options volume roughly in line with average with 36k contracts traded and calls leading puts for a put/call ratio of 0.72, compared to a typical level near 1.39. Implied volatility (IV30) is higher by 0.7 points near 60.37,in the top quartile of the past year, suggesting an expected daily move of $0.93. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at HSBC.
