Looking At Norwegian Cruise Line's Recent Unusual Options Activity

Financial giants have made a conspicuous bullish move on Norwegian Cruise Line. Our analysis of options history for Norwegian Cruise Line NCLH revealed 9 unusual trades.

Delving into the details, we found 55% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $356,029, and 2 were calls, valued at $68,342.

Latest Startup Investment Opportunities:

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $25.0 for Norwegian Cruise Line over the last 3 months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Norwegian Cruise Line's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Norwegian Cruise Line's whale activity within a strike price range from $20.0 to $25.0 in the last 30 days.

Norwegian Cruise Line 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
NCLH PUT SWEEP BEARISH 06/21/24 $2.07 $2.05 $2.07 $20.00 $108.4K 2.4K 603
NCLH PUT SWEEP BEARISH 06/21/24 $2.09 $2.07 $2.07 $20.00 $95.4K 2.4K 90
NCLH PUT TRADE BULLISH 04/19/24 $2.78 $2.63 $2.63 $21.00 $36.2K 954 188
NCLH CALL SWEEP BULLISH 01/17/25 $2.1 $2.0 $2.09 $22.50 $35.3K 4.7K 226
NCLH CALL SWEEP BULLISH 01/17/25 $2.05 $1.96 $2.05 $22.50 $33.0K 4.7K 387

About Norwegian Cruise Line

Norwegian Cruise Line is the world's third-largest cruise company by berths (around 66,500). It operates 32 ships across three brands —Norwegian, Oceania, and Regent Seven Seas—offering both freestyle and luxury cruising. The company redeployed its entire fleet as of May 2022. With five passenger vessels on order among its brands through 2028, representing 16,000 incremental berths, Norwegian is increasing capacity faster than its peers, expanding its brand globally. Norwegian sails to around 700 global destinations.

Norwegian Cruise Line's Current Market Status

  • Trading volume stands at 8,104,458, with NCLH's price down by -2.11%, positioned at $19.0.
  • RSI indicators show the stock to be may be approaching oversold.
  • Earnings announcement expected in 19 days.

What The Experts Say On Norwegian Cruise Line

In the last month, 3 experts released ratings on this stock with an average target price of $21.666666666666668.

  • An analyst from Mizuho downgraded its action to Neutral with a price target of $21.
  • Reflecting concerns, an analyst from Goldman Sachs lowers its rating to Neutral with a new price target of $19.
  • An analyst from Stifel has decided to maintain their Buy rating on Norwegian Cruise Line, which currently sits at a price target of $25.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Norwegian Cruise Line options trades with real-time alerts from Benzinga Pro.

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NCLHNorwegian Cruise Line Holdings Ltd
$19.701.79%

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Edge Rankings
Momentum
25.47
Growth
76.12
Quality
Not Available
Value
55.26
Price Trend
Short
Medium
Long
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