Options Know-How: Carnival Cruises, J&J

How much do you know about playing the stock market with options?

The following are highlighted options insights and ideas from TheStreet.com.

From Option Traders See Smoother Seas for Carnival Cruises:

Carnival Cruise Lines (CCL Quote) has hitherto remained fairly upbeat about its earnings capacity, even in the increasingly obvious recessionary environment, arguing that cash-strapped Americans are likely to fly less and opt for closer-to-home cruises -- certainly a tantalizing prospect if the cruise in question is an all-inclusive one. And maybe the cruiseliner will be able to leverage this preference with a protracted decline in fuel prices. ...