Now that Covid is way back behind us, the cruise operators have enjoyed monster gains. My view is that Carnival (CCL) is done. I mean, good Lord, it’s even down today.
![](https://slopeofhope.com/wp-content/uploads/2023/07/slopechart_CCL-640x343.jpg)
However, I like the Royal Caribbean (RCL) chart even more, which is why I’m long January 19 2024 $120 puts on this sucker. They announce earnings before the open on July 27th.
![](https://slopeofhope.com/wp-content/uploads/2023/07/slopechart_RCL-640x327.jpg)