there is a big company called Carnival that makes a lot of money by letting people go on fun trips on their big boats. There are some people who have a lot of money and they think that Carnival's boats will be worth more in the future. So they are buying things called 'options' which are like special tickets that let them buy Carnival's boats at a cheaper price in the future if they want to. These people are hoping that Carnival's boats will become more valuable and they can make even more money. Read from source...

Carnival's Options Frenzy: What You Need to Know by Benzinga Insights, Benzinga Staff Writer. Whales targeting a price range from $8.0 to $20.0. Carnival' portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn. Current position of Carnival - RSI indicators neutral. Analysts' consensus target price $15.0, Morgan Stanley rating Underweight. Risky options trading with high potential rewards. Smart money moves with insights and alerts. Benzinga's news, data, and analytical tools simplify the market for smarter investing.

bearish

Reason: The article discusses the options frenzy for Carnival, highlighting that the majority of investors have opened trades with bearish expectations. Furthermore, the current price of CCL is down by 0.42%, indicating a bearish trend in the market. The article also mentions that Carnival's brands attracted nearly 13 million guests in 2019, but it does not mention if the company is performing well in 2024, which could be an essential aspect to consider for the sentiment.

Carnival's options frenzy shows that 58% of the traders are bullish while 41% are bearish, indicating mixed sentiments. Although the volume of trade and open interest point to a potential price range between $8.0 to $20.0, the presence of both bullish and bearish traders indicates higher risks and potential rewards. Understanding market trends and managing risks through a strategic approach is key to success in options trading.