RCL options flow: unusual options activity in Royal Caribbean Cruises Ltd.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 165 unusual options prints in Royal Caribbean Cruises Ltd. (RCL), $11.2M of tracked premium, leaning bearish. Bullish premium was $3.9M against $5.6M bearish; $8.2M went into calls and $3.0M into puts, a put call ratio of 0.37. The largest print was $456K of RCL 17 Sep 2027 $160 calls on 22 September 2026, executed at bid. The last session with prints, 28 September 2026, added 1 print and $61K of premium. RCL closed at $242.70 on 25 September 2026, up 1.6%.
This week's unusual flow
Prints from 21 September 2026 to 28 September 2026, 6 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 22 Sep 2026 | RCL 17 Sep 2027 $160 calls | Trade | 53 | 0 | $456K | At bid | Bearish | Notable |
| 22 Sep 2026 | RCL 17 Sep 2027 $160 calls | Trade | 50 | 0 | $439K | At bid | Bearish | High conviction |
| 24 Sep 2026 | RCL 17 Jun 2027 $200 puts | Trade | 200 | 24 | $358K | At bid | Bullish | Notable |
| 23 Sep 2026 | RCL 21 Jan 2028 $150 calls | Sweep | 39 | 13 | $349K | At ask | Neutral | High conviction |
| 22 Sep 2026 | RCL 17 Sep 2027 $160 calls | Trade | 37 | 0 | $318K | At bid | Bearish | Notable |
| 24 Sep 2026 | RCL 17 Sep 2027 $210 puts | Trade | 122 | 32 | $303K | At ask | Neutral | Notable |
| 21 Sep 2026 | RCL 30 Oct 2026 $250 calls | Trade | 122 | 20 | $193K | At bid | Bearish | Notable |
| 24 Sep 2026 | RCL 17 Sep 2027 $160 calls | Trade | 20 | 201 | $188K | At bid | Bearish | Notable |
| 24 Sep 2026 | RCL 17 Sep 2027 $160 calls | Trade | 20 | 201 | $188K | At bid | Bearish | Notable |
| 24 Sep 2026 | RCL 17 Sep 2027 $160 calls | Trade | 20 | 201 | $188K | At bid | Bearish | Notable |
| 23 Sep 2026 | RCL 21 Jan 2028 $145 calls | Sweep | 19 | 34 | $176K | At bid | Bearish | Notable |
| 24 Sep 2026 | RCL 19 Mar 2027 $230 calls | Trade | 50 | 136 | $168K | At ask | Bullish | Notable |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 17 Sep 2027 | 27 | $3.1M | 76% | -$1.8M |
| 21 Jan 2028 | 21 | $1.9M | 95% | -$113K |
| 17 Jun 2027 | 15 | $1.1M | 44% | +$406K |
| 19 Mar 2027 | 21 | $961K | 61% | +$306K |
| 16 Oct 2026 | 14 | $626K | 95% | +$171K |
| 2 Oct 2026 | 12 | $603K | 84% | -$36K |
The most premium, $3.1M, is aimed at the 17 Sep 2027 expiry; the nearest expiry with unusual prints is 2 Oct 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 28 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 28 Sep 2026 | RCL 17 Jun 2027 $260 calls | Sweep | 20 | 48 | $61K | At ask | Bullish | Notable |
Every print in RCL with its full detail, the live tape, one tap filters and saved screeners: open RCL in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open RCL in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 15 firms, have a median of $340, 40.1% above the last close. The last 90 days brought 1 upgrade.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About Royal Caribbean Cruises Ltd.
- Exchange
- NYSE
- Sector
- Consumer Discretionary
- Industry
- Transportation
- Headquarters
- MIAMI, Florida
- Website
- rclinvestor.com
Royal Caribbean Cruises Ltd. operates under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands. The company was founded in 1968 and is headquartered in Miami, Florida.
In the same sector
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Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for RCL with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open RCL in Options Sentiment Screener