May. 27 at 7:50 AM
$RCL — the largest single options print on Tuesday's tape. One block: 5,300 September 18
$250 puts, bought at the ask,
$12.08M premium. Shares were sitting near
$267, so this is a ~6% out-of-the-money, 115-day position to the downside. No accumulation around it a standalone block, filled aggressively at the offer rather than worked passively. Whether it's a directional bet on the cruise name into the fall or a hedge against a long position, someone wanted size on and was willing to pay up for it. #OptionsFlow
