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: Jan 21, 2028
Days to expiration: 467
Share price: $282.26
Put/call ratio (OI): 1.28
Put/call ratio (volume): 0.64
ATM implied volatility: 44.7%
Expected move: ±$142.70
Open interest (C / P): 2.91K / 3.73K

RCL options summary

The RCL options chain for the January 21, 2028 expiration lists 48 call and 39 put contracts, with 467 days until expiration. Open interest stands at 2,909 calls and 3,725 puts, a put/call ratio of 1.28, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $280.00 strike is 44.7%, which implies the market expects a move of about ±$142.70 (50.6%) in Royal Caribbean Cruises stock by expiration.

The most open interest sits at the $300.00 call (275 contracts) and the $160.00 put (1.05K contracts).

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

RCL options chain · January 21, 2028

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
62	2	54.7%	168.47	160.50	164.00	125.00	2.55	5.30	4.10	51.5%	5	212
40	40	54.5%	146.05	156.00	160.00	130.00	3.10	6.00	7.95	51.3%	7	98
5	2	54.2%	103.40	152.00	155.50	135.00	3.40	6.40	7.95	50.1%	8	20
26	34	54.3%	96.60	148.00	151.50	140.00	4.20	7.60	6.10	50.6%	2	35
39	24	54.1%	92.80	144.00	147.50	145.00	6.80	9.60	10.00	53.6%	2	14
51	1	53.4%	132.50	139.50	143.50	150.00	5.30	8.60	7.01	52.2%	3	89
23	24	53.1%	85.80	135.50	139.50	155.00	5.50	9.30	11.00	51.4%	3	394
30	1	52.6%	81.99	131.50	135.50	160.00	6.40	9.80	10.55	50.1%	4	1,055
9	5	52.5%	82.00	128.00	131.50	165.00	8.00	10.40	9.25	49.1%	1	18
21	1	52.3%	129.00	124.00	128.00	170.00	8.90	11.90	14.10	49.5%	51	64
103	1	52.3%	84.70	120.50	124.50	175.00	9.00	12.10	12.00	47.7%	1	92
59	3	51.5%	108.75	116.50	120.50	180.00	10.00	13.90	15.00	48.3%	1	59
3	2	51.4%	70.00	113.00	117.00	185.00	11.10	15.50	20.60	48.4%	4	20
8	1	51.1%	105.50	109.50	113.50	190.00	13.10	16.10	15.00	47.1%	1	36
10	2	50.2%	106.25	106.00	109.00	195.00	13.50	18.00	26.74	47.5%	3	75
49	2	50.4%	100.00	102.50	106.50	200.00	15.80	19.30	17.00	47.0%	1	141
7	1	52.1%	61.07	96.00	100.00	210.00	17.70	21.50	22.40	45.3%	1	174
61	26	51.2%	87.11	89.50	93.50	220.00	22.60	24.20	23.10	44.0%	1	99
41	2	50.7%	80.80	83.50	87.50	230.00	24.50	29.00	29.00	44.6%	5	326
73	1	49.2%	80.10	78.00	80.80	240.00	28.50	32.20	41.32	43.4%	37	97
162	1	49.8%	75.50	72.50	76.50	250.00	32.50	37.00	39.50	43.4%	1	63
194	1	49.4%	74.41	67.50	71.50	260.00	37.00	41.00	39.70	42.4%	1	50
63	13	48.2%	67.73	62.50	65.70	270.00	41.60	46.00	67.91	42.0%	7	38
75	2	48.0%	60.61	58.00	61.30	280.00	47.00	51.00	48.50	41.4%	1	57
RCL $282.26
26	1	48.4%	59.67	54.00	58.00	290.00	52.00	56.50	53.69	41.0%	1	76
275	1	48.3%	49.51	50.00	54.30	300.00	58.00	62.10	59.26	40.5%	1	44
29	2	48.0%	48.61	46.00	50.50	310.00	64.00	68.00	66.80	40.0%	5	68
38	1	47.8%	38.25	43.00	47.00	320.00	71.60	74.50	72.39	39.8%	6	116
33	11	47.5%	40.30	39.50	43.70	330.00	76.50	81.00	93.70	39.3%	2	5
39	2	46.8%	38.91	36.60	40.00	340.00	92.00	95.50	83.02	45.0%	6	34
268	2	47.3%	38.70	34.50	38.00	350.00	0.00	0.00	109.00	—	1	0
47	1	47.2%	28.20	31.60	35.50	360.00	98.00	102.00	114.50	38.1%	1	27
30	1	47.0%	16.09	29.40	33.00	370.00	105.50	109.50	110.60	37.8%	2	5
61	11	47.1%	17.35	27.40	31.00	380.00	125.50	128.70	99.95	47.1%	2	3
29	2	47.1%	28.40	25.30	29.00	390.00	—	—	—	—	—	—
162	2	47.0%	26.96	23.30	27.00	400.00	129.00	133.00	125.50	36.5%	3	20
0	3	6.3%	35.50	0.00	0.00	410.00	—	—	—	—	—	—
21	1	46.1%	10.10	19.00	22.70	420.00	—	—	—	—	—	—
19	2	46.8%	17.00	17.50	22.00	430.00	—	—	—	—	—	—
81	5	46.7%	12.50	16.90	20.50	440.00	—	—	—	—	—	—
58	1	47.0%	15.30	15.00	19.50	450.00	—	—	—	—	—	—
172	5	47.2%	14.10	14.00	18.50	460.00	—	—	—	—	—	—
30	1	46.4%	16.00	12.50	16.50	470.00	205.50	209.50	189.75	51.5%	1	1
25	3	48.2%	37.67	14.60	17.20	480.00	—	—	—	—	—	—
15	1	47.5%	10.12	10.50	15.50	490.00	—	—	—	—	—	—
50	1	45.8%	6.90	9.50	13.00	500.00	0.00	0.00	193.94	—	1	0
16	1	47.3%	12.50	9.00	13.50	510.00	0.00	0.00	227.75	—	1	0
171	34	47.4%	8.00	8.20	12.80	520.00	230.00	234.00	233.50	—	1	0

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 January 21, 2028 expiration, the RCL put/call ratio based on open interest is 1.28 (3,725 puts vs 2,909 calls), and 0.64 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 January 21, 2028 is about 44.7%, 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.