RCL / Royal Caribbean Cruises Ltd. - Put/Call Ratio, Options Sentiment, Unusual Options Activity

Put/Call Ratios - Forward Looking and Historical

By looking at the put/call ratios of specific expirations, we can deduce what the options markets think of the short, medium, and long-term outlook of the company.

Expiry	DTX	Open Put Interest	Open Call Interest	Put/Call Ratio
2025-09-12	3	1,142
2025-09-19	10	11,784
2025-09-26	17	613
2025-10-03	24	310
2025-10-10	31	39
2025-10-17	38	2,410
2025-10-24	45	35
2025-12-19	101	15,275
2026-01-16	129	24,184
2026-03-20	192	4,023
2026-06-18	282	2,562
2026-09-18	374	591
2027-01-15	493	2,855

Date	Put OI	Put OI (OTM)	Call OI	Call OI (OTM)	Put/Call Ratio	Put/Call Ratio (OTM)
2025-09-08	67,123	62,980
2025-09-05	68,691	65,854
2025-09-04	68,013	65,675
2025-09-03	67,608	65,050
2025-09-02	66,815	64,355
2025-08-29	70,854	69,666
2025-08-28	69,272	68,559
2025-08-27	67,827	66,792
2025-08-26	66,488	65,824
2025-08-25	64,520	63,091
2025-08-22	67,833	66,574
2025-08-21	67,188	62,845
2025-08-20	66,323	62,475
2025-08-19	65,156	61,749
2025-08-18	62,289	59,136
2025-08-15	78,909	70,351
2025-08-14	78,770	69,960
2025-08-13	78,332	69,504
2025-08-12	78,310	69,343
2025-08-11	78,510	66,148

Unusual Options Activity - Trade Volume

The Put/Call Ratio shows the total number of disclosed open put option positions divided by the number of open call option options. Since puts are generally a bearish bet and calls are a bullish bet, put/call ratios greater than 1 indicate a bearish sentiment, and ratios less than one indicate a bullish sentiment.

Unusual options activity (UOA) is generally considered a strong signal for a directional price movement. One metric of unusual options activity is the total volume of put or call options divided by the open interest in the same option type. If the total volume of call or put options exceeds the current open interest, then that is considered unusual and indicates a strong directional signal. In the table below, any date on which the volume of an option exceeds the current open interest is highlighted in green (for call options) or red (for put options).

For example, if, on any trading day, the call volume exceeds the current call open interest, then the Call Volume/Call OI ratio will be greater than one and that cell in the able will be highlighted in green. This would indicate a significant purchase of call options, which is a bullish signal. Likewise, if the opposite is true - the put volume exceeds the put open interest, then the table cell would be highlighted in red and represent a strong bearish signal.

Update Frequency: Daily

Date	Put Volume	Put OI	Put Volume /Put OI	Call Volume	Call OI	Call Volume /Call OI
2025-09-08	3,466	67,123		1,633	68,781
2025-09-05	3,242	68,691		3,298	71,055
2025-09-04	1,526	68,013		1,869	70,597
2025-09-03	1,139	67,608		1,873	69,794
2025-09-02	2,822	66,815		2,951	68,889
2025-08-29	3,244	70,854		2,953	72,141
2025-08-28	3,261	69,272		2,806	71,358
2025-08-27	3,292	67,827		4,730	70,227
2025-08-26	2,774	66,488		5,587	69,004
2025-08-25	3,501	64,520		4,255	67,581
2025-08-22	3,992	67,833		5,236	68,546
2025-08-21	1,516	67,188		2,774	67,764
2025-08-20	2,169	66,323		1,838	67,361
2025-08-19	2,788	65,156		3,696	66,637
2025-08-18	5,057	62,289		6,363	63,125
2025-08-15	2,173	78,909		2,162	77,932
2025-08-14	2,294	78,770		1,599	77,373
2025-08-13	2,089	78,332		2,901	75,539
2025-08-12	3,034	78,310		3,033	73,852
2025-08-11	2,558	78,510		1,791	73,108
2025-08-08	5,618	79,980		2,673	75,221
2025-08-07	3,941	79,707		1,847	74,507
2025-08-06	1,408	79,258		1,634	73,831
2025-08-05	1,587	78,858		2,677	74,160
2025-08-04	1,899	78,133		2,250	73,846

Option Premium Bought/Sold - Total Market

Update Frequency: Daily

Option Greeks - Delta, Gamma, Theta

Update Frequency: Daily

Option Trading Volume - Total Market

Update Frequency: Daily

Option Trading Volume - Exchange

Update Frequency: Daily