Subscriber alert: shorting Carnival cruise lines

Actionable Trade-Alert

from Rick in the Trading Room

(Please check all related discussion in the room before you do any trades.)

We are playing with CCL puts, based on first-hand knowledge of a covid disaster that marred a very recent Alaska cruise aboard a CCL Princess liner. Here’s the latest, but check the Trading Room for further discussion:

 

Let’s try to add four 29 Sep 13.50 CCL puts for 0.16, day order; and four more for 0.12, day order. If either or both orders fill, we will seek to turn our position into a bearish vertical put spread (simple instructions to follow).

 

RA

 

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