Put Options on RCL on 7/11/2022

Royal Caribbean Cruises Ltd. (RCL) operates as a cruise company worldwide. 

The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations.

As of February 25, 2022, it operated 61 ships.  

On May 5, Royal Caribbean Cruises (RCL) reported a 1st Quarter March 2022 loss of $4.57 per share on revenue of $1.1 billion. The consensus estimate was a loss of $4.68 per share on revenue of $1.2 billion. Shares have broken below a key support level. Lower share prices are expected.

We will trade August 5th

Last Trade: $34.44

Trading Range: $32.64 to $98.27

Trade Buy 1 August $35.00 Put at $3.30 For a net debit of $3.30 Profit/Loss Analysis Breakeven at $31.70 Maximum profit is unbounded Maximum loss is ($330.00) at strike of $35.00 Closing Summary Sold 1 August $35.00 Put at $0.00

Position closed on 8/5/2022 at price of $0.00 with a -100.00% loss in 25 days.

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