CCL (CCL) options memo

The Read

CCL is up 2.71% today at $28.42.

Options traders lean neutral into 2026-08-14, and neutral further out.

A move through $28.36 would change how dealers hedge this stock.

Key numbers

• Spot: $28.42
• Lean: neutral
• Nearest expiry: Fri 8/14
• Implied move: 2.6%
• ATM implied volatility: 50.4%
• Max pain: $28.00
• Pin strike: $28.50
• Gamma flip: $28.36
• Dealer positioning: SHORT GAMMA
• Call wall: $28.50
• Put wall: $27.50
• Put/call open interest: 0.734