High-rolling investors have positioned themselves bearish on Royal Caribbean Group (NYSE:RCL), and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in RCL often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 22 options trades for Royal Caribbean Group. This is not a typical pattern.

The sentiment among these major traders is split, with 22% bullish and 63% bearish. Among all the options we identified, there was one put, amounting to $37,270, and 21 calls, totaling $1,578,785.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $280.0 and $500.0 for Royal Caribbean Group, spanning the last three months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Royal Caribbean Group's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Royal Caribbean Group's significant trades, within a strike price range of $280.0 to $500.0, over the past month.

Royal Caribbean Group Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
RCL	CALL	TRADE	BEARISH	06/18/26	$56.0	$53.5	$54.5	$280.00	$109.0K	166	41
RCL	CALL	TRADE	BEARISH	06/18/26	$54.35	$51.05	$52.1	$280.00	$104.2K	166	21
RCL	CALL	TRADE	BULLISH	06/18/26	$47.85	$47.4	$47.85	$290.00	$95.7K	139	0
RCL	CALL	SWEEP	BEARISH	06/18/26	$42.05	$41.2	$41.25	$300.00	$94.8K	237	126
RCL	CALL	TRADE	NEUTRAL	06/18/26	$42.7	$40.4	$41.5	$300.00	$83.0K	237	103

About Royal Caribbean Group

Royal Caribbean is the world's second-largest cruise company by revenues, operating 69 ships across five global and partner brands in the cruise vacation industry. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in 2021, plans to launch its new Celebrity River Cruise brand in 2027, and is set to operate eight private destination locations by 2028 (up from three currently).

Following our analysis of the options activities associated with Royal Caribbean Group, we pivot to a closer look at the company's own performance.

Present Market Standing of Royal Caribbean Group

• With a volume of 1,449,934, the price of RCL is up 1.38% at $317.33.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 61 days.

What Analysts Are Saying About Royal Caribbean Group

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $376.8.

• An analyst from Goldman Sachs has decided to maintain their Buy rating on Royal Caribbean Group, which currently sits at a price target of $370.
• Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Royal Caribbean Group with a target price of $330.
• Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Royal Caribbean Group with a target price of $361.
• Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Royal Caribbean Group with a target price of $398.
• An analyst from Tigress Financial has decided to maintain their Buy rating on Royal Caribbean Group, which currently sits at a price target of $425.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics.