Carnival Corp Ltd
Carnival Corp Ltd (CCL) Wheel Strategy
CCL wheel strategy scan found 119 cash-secured put setups on the previous trading day. Probability of expiring worthless is above 50%. Annualized returns reach up to 173.5%.
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Running a CCL wheel strategy lets you generate consistent premium income on Carnival Corp Ltd while setting your own entry and exit prices on the underlying. Carnival Corp Ltd's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own CCL, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best CCL wheel strategy setups in real time.
The wheel works best on liquid, high-quality names with stable fundamentals and active options markets — exactly the profile many large-cap leaders fit. The mechanics are simple: sell a cash-secured put on CCL, collect premium, and either keep the premium if it expires worthless or take assignment at a discount to current price. Once assigned, sell covered calls against the shares to keep collecting premium until they're called away. Choosing the right strikes, expirations, and IV environment is what separates a profitable CCL wheel from a losing one.
Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches. It sells its cruises primarily through travel agents, tour operators, vacation planners, and websites. The company operates in the United States, Canada, Continental Europe, the United Kingdom, Australia, New Zealand, Asia, and internationally.
It operates 87 ships with 223,000 lower berths. Carnival Corporation & plc was founded in 1972 and is headquartered in Miami, Florida.
The difference between a wheel that compounds and one that bleeds comes down to strike selection, IV timing, and discipline on assignment. Our scanner handles the heavy lifting: it ranks every leg of the CCL wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your CCL wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
| Oct 23, 2026 | 27.00 | $0.31 | $0.39 | -0.47 | 3 | 36% | 51.9% | 173.5% | 82 |
| Oct 30, 2026 | 27.00 | $0.71 | $0.76 | -0.47 | 10 | 36% | 50.4% | 102.1% | 438 |
| Oct 23, 2026 | 26.50 | $0.14 | $0.20 | -0.29 | 3 | 36% | 70.6% | 91.8% | 249 |
| Oct 30, 2026 | 26.50 | $0.50 | $0.54 | -0.37 | 10 | 36% | 60.5% | 74.4% | 2,235 |
| Nov 27, 2026 | 26.50 | $0.84 | $1.43 | -0.41 | 38 | 36% | 54.1% | 51.7% | 10 |
| Nov 6, 2026 | 26.50 | $0.46 | $0.63 | -0.38 | 17 | 36% | 57.6% | 51.0% | 40 |
| Oct 30, 2026 | 26.00 | $0.30 | $0.35 | -0.27 | 10 | 36% | 70.2% | 48.4% | 5,228 |
| Nov 6, 2026 | 26.00 | $0.51 | $0.56 | -0.31 | 17 | 36% | 65.2% | 45.8% | 363 |
| Oct 23, 2026 | 26.00 | $0.07 | $0.10 | -0.16 | 3 | 36% | 85.2% | 44.5% | 730 |
| Nov 20, 2026 | 26.50 | $0.92 | $1.00 | -0.40 | 31 | 36% | 54.9% | 44.4% | 77 |
As of October 21, 2026
Run the Wheel on CCL With Confidence
Find the best CCL wheel strategy setups across strikes and expirations, plan ahead with at-strike values, and keep your covered calls and puts on track.
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