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 7,993 puts trading, or 3x expected. Most active are 10/4 weekly 18 puts and 10/4 weekly 20.5 calls, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 4.30, while ATM IV is up over 1 point on the day. Earnings are expected on October 30th.

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