Royal Caribbean Cruises (RCL) Options Chain

NYSE: RCLConsumer DiscretionaryMarine TransportationUSD

282.26+0.85 (+0.30%)

At close: Oct 9, 4:02 PM ET · Delayed 15 min

Expiration date

Expiration: Mar 19, 2027
Days to expiration: 159
Share price: $282.26
Put/call ratio (OI): 2.27
Put/call ratio (volume): 1.79
ATM implied volatility: 44.1%
Expected move: ±$82.18
Open interest (C / P): 2.54K / 5.77K

RCL options summary

The RCL options chain for the March 19, 2027 expiration lists 40 call and 37 put contracts, with 159 days until expiration. Open interest stands at 2,539 calls and 5,771 puts, a put/call ratio of 2.27, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $280.00 strike is 44.1%, which implies the market expects a move of about ±$82.18 (29.1%) in Royal Caribbean Cruises stock by expiration.

The most open interest sits at the $300.00 call (762 contracts) and the $250.00 put (1.24K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

RCL options chain · March 19, 2027

RCL calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
7	4	63.0%	128.60	146.90	150.10	135.00	0.20	1.30	0.59	57.7%	12	50
—	—	—	—	—	—	140.00	0.00	1.80	1.60	56.9%	1	80
1	—	60.0%	86.00	137.20	140.40	145.00	0.00	1.35	1.20	51.8%	3	12
3	1	59.5%	104.80	132.40	135.80	150.00	0.00	1.95	1.23	52.6%	10	64
—	—	—	—	—	—	155.00	0.30	2.00	1.10	51.8%	10	52
16	1	56.4%	103.00	122.90	126.00	160.00	0.05	2.85	2.95	51.7%	1	17
1	1	—	157.50	101.70	105.20	165.00	0.70	2.05	2.15	53.0%	1	23
1	1	53.5%	110.65	113.60	116.20	170.00	0.95	2.00	1.80	50.2%	4	120
2	1	53.0%	85.00	108.90	111.80	175.00	1.30	2.60	2.07	50.9%	8	181
11	1	52.7%	109.35	104.30	107.50	180.00	1.20	3.70	3.92	53.0%	1	117
5	4	51.1%	87.20	99.80	102.50	185.00	1.70	4.00	9.70	51.5%	6	47
5	1	50.5%	65.00	95.30	98.10	190.00	1.95	4.60	3.50	51.0%	10	251
10	1	50.1%	89.00	90.90	93.90	195.00	2.45	5.00	12.90	49.7%	22	92
68	9	53.3%	71.15	86.40	89.50	200.00	3.00	5.10	4.80	47.4%	10	595
29	1	51.2%	76.56	78.40	80.90	210.00	4.50	6.70	6.90	46.6%	1	163
52	5	49.9%	70.22	70.30	72.90	220.00	7.40	8.70	7.90	45.9%	1	426
51	2	48.4%	64.86	63.20	65.10	230.00	8.70	11.50	10.40	45.9%	1	445
101	2	48.4%	57.10	55.20	58.50	240.00	12.40	13.70	13.30	44.1%	1	211
80	1	46.7%	51.00	48.50	51.30	250.00	15.00	17.60	16.84	44.5%	2	1,244
201	6	46.4%	43.00	42.60	45.40	260.00	18.50	20.80	18.80	43.0%	48	471
126	1	45.4%	38.00	37.30	39.50	270.00	23.70	26.40	29.20	44.3%	3	170
89	4	45.4%	33.50	31.80	34.70	280.00	27.70	30.60	29.36	42.9%	1	310
RCL $282.26
117	26	44.8%	28.51	27.20	30.00	290.00	33.60	35.60	35.75	41.9%	4	116
762	5	44.8%	25.10	23.10	26.20	300.00	39.70	41.70	48.46	41.8%	3	128
67	4	44.4%	21.40	19.50	22.50	310.00	45.60	48.20	89.08	41.7%	2	71
101	3	44.5%	17.40	16.40	19.50	320.00	52.20	54.80	63.00	41.1%	21	51
124	11	44.7%	16.60	13.60	17.00	330.00	59.40	62.00	63.20	40.7%	82	201
73	7	43.9%	13.11	12.20	14.10	340.00	67.10	70.20	74.80	41.4%	1	38
127	2	43.4%	11.15	9.80	11.80	350.00	75.00	78.10	77.80	41.1%	1	8
74	2	43.3%	11.00	8.20	10.00	360.00	83.30	86.20	108.70	40.6%	2	4
48	3	44.9%	8.10	6.40	9.40	370.00	91.70	94.70	100.60	40.4%	1	4
31	4	45.2%	7.50	5.00	8.20	380.00	100.50	103.50	128.40	40.3%	—	1
75	21	45.5%	6.60	4.00	7.20	390.00	109.80	112.60	124.60	40.4%	3	3
20	2	46.0%	3.10	3.10	6.40	400.00	119.00	121.60	140.50	40.0%	2	0
9	6	46.1%	4.62	2.60	5.50	410.00	0.00	0.00	108.40	—	1	0
12	1	45.8%	3.60	1.95	4.60	420.00	139.40	142.90	120.30	47.3%	3	4
5	6	46.0%	3.50	2.05	4.00	430.00	148.50	151.90	128.90	46.5%	1	1
10	1	52.5%	9.70	3.70	5.80	440.00	—	—	—	—	—	—
9	5	48.8%	4.14	0.75	3.80	450.00	—	—	—	—	—	—
3	1	74.4%	6.70	13.50	16.00	460.00	—	—	—	—	—	—
3	1	60.9%	13.20	5.70	8.50	470.00	—	—	—	—	—	—
10	1	48.3%	0.90	0.35	2.35	480.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the RCL put/call ratio?

For the March 19, 2027 expiration, the RCL put/call ratio based on open interest is 2.27 (5,771 puts vs 2,539 calls), and 1.79 based on today's volume. A ratio above 1 means more puts than calls.

What is RCL's implied volatility?

At-the-money implied volatility for RCL options expiring March 19, 2027 is about 44.1%, an annualized estimate of how much the market expects Royal Caribbean Cruises stock to move.

How many RCL option expiration dates are there?

RCL has 13 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.