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Barchart
Barchart
Mark R. Hake, CFA

Carnival Corp Stock is Up, But Short-Put Trades Offer 3% Yields

Carnival Corp CCL Barchart Yahoo Finance

Carnival Corp (CCL) stock has risen over the last month since bottoming out in mid-April. Investors who short out-of-the-money (OTM) puts expiring in one month can make 3.0%+ yields at strike prices 5% lower than today's price.

CCL is at $23.97 in midday trading on Tuesday, June 3. This is up from April lows but still off its near-term peak of $28.49 on Jan. 30. It could be worth over $28 per share, as I will show in this article.

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