Bearish flow noted in Norwegian Cruise Lines with 8,329 puts trading, or 3x expected. Most active are 10/4 weekly 19.5 puts and 10/4 weekly 19 puts, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 2.42, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 30th.
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