Cruise Stock Pivots Lower Despite Top-Line Beat

Group 1 - Carnival Corp (CCL) stock is down 3.3% to $29.47 despite reporting fiscal third-quarter earnings that exceeded estimates and raising its annual profit forecast [1] - CCL traded as high as $32.49 earlier in the day, but has since declined, with sector peers Royal Caribbean Cruises (RCL) and Norwegian Cruise Line (NCLH) also experiencing losses [1] - Year-to-date, CCL shares are up 19.3%, with a significant 60% increase over the last 12 months, and the 80-day moving average is aiding in managing today's pullback [2] Group 2 - Short-term options traders have recently favored puts, indicated by a Schaeffer's put/call open interest ratio (SOIR) of 1.64, which is in the 94th percentile of the past 12 months [2] - Currently, the skew favors calls, with over 74,000 calls traded, which is nine times the average intraday volume and more than double the number of puts [3] - Most of the call activity is centered around the weekly 10/3 30-strike call, where new positions are being established [3]