Carnival Shares Rise 2.75%
Moderately bullish activity in Carnival (CCL), with shares up 72c, or 2.75%, near $26.70. Options volume roughly in line with average with 53k contracts traded and calls leading puts for a put/call ratio of 0.59, compared to a typical level near 1.23. Implied volatility (IV30) is higher by 4.8 points near 62.15, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.05. Put-call skew steepened, indicating increased demand for downside protection.
