D/B/A Royal Caribbean Cruises Ltd. (RCL) Covered Calls
Royal Caribbean Group is a global leader in the cruise vacation industry, operating a diverse fleet of innovative ships under the Royal Caribbean International, Celebrity Cruises, and Silversea brands. The company is renowned for its industry-leading hardware, including the worlds largest cruise vessels, and its collection of exclusive private destinations. RCL delivers vacation experiences across all seven continents.
You can sell covered calls on D/B/A Royal Caribbean Cruises Ltd. to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for RCL (prices last updated Fri 4:16 PM ET):
| D/B/A Royal Caribbean Cruises Ltd. (RCL) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 319.61 | -13.19 | 318.00 | 319.60 | 2.4M | 21 | 90 |
| Covered Calls For D/B/A Royal Caribbean Cruises Ltd. (RCL) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Feb 20 | 320 | 6.40 | 313.20 | 2.0% | 91.2% | |
| Mar 20 | 320 | 15.75 | 303.85 | 5.7% | 57.8% | |
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Royal Caribbean Group is the world’s second-largest cruise vacation company, distinguished by its high-margin "hardware" strategy and dominance in the premium and contemporary cruise segments. The company operates a global fleet of 69 ships, serving approximately 1,000 destinations through three wholly owned brands and a 50% joint venture in TUI Cruises.
The company’s operations are organized into three core brand portfolios:
- Royal Caribbean International: The flagship contemporary brand focused on multi-generational families and adventure-seekers, featuring "Icon" and "Oasis" class mega-ships.
- Celebrity Cruises: Positioned in the "premium" segment, offering modern luxury experiences, sophisticated design, and a recently announced expansion into premium river cruising.
- Silversea Cruises: An ultra-luxury and expedition brand providing all-suite accommodations and personalized service to remote global destinations, including Antarctica and the Galapagos.
The competitive landscape for Royal Caribbean includes traditional cruise lines and broader land-based vacation alternatives. Its primary rivals for volume and Caribbean market share are Carnival Corporation and Norwegian Cruise Line Holdings. In the high-end and destination-immersive sector, it competes with Viking Holdings. Additionally, as the company expands its "connected vacation ecosystem," it increasingly views alternative lodging platforms like Airbnb as competitors for discretionary travel spending.
Strategic Outlook and Innovation
Royal Caribbean is currently executing its "Perfecta" financial program, which targets significant yield growth and high-teens return on invested capital. A central pillar of this strategy is the expansion of "Perfect Day" private destinations, which serve as high-margin extensions of the onboard experience. Innovation efforts are focused on "Project Star," a digital initiative using generative AI to personalize shore excursion recommendations and optimize shipboard energy consumption. The company is also a leader in maritime decarbonization, deploying its first waste-to-energy systems and increasing its fleet of liquefied natural gas (LNG) powered vessels. By leveraging its industry-leading loyalty programs and deepening its "digital relationship" with guests through its mobile app—which now handles the majority of pre-cruise revenue—the Group aims to capture a larger share of the lifetime vacation wallet while maintaining best-in-class operating margins.
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