Norwegian Cruise Lines put volume heavy and directionally bearish
The Fly

Norwegian Cruise Lines put volume heavy and directionally bearish

Bearish flow noted in Norwegian Cruise Lines with 8,130 puts trading, or 1.2x expected. Most active are 10/4 weekly 19.5 puts and Oct-24 18.5 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 2.69, while ATM IV is up nearly 5 points on the day. Earnings are expected on October 30th.

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