High-rolling investors have positioned themselves bullish on Norwegian Cruise Line NCLH, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in NCLH often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Norwegian Cruise Line. This is not a typical pattern.
The sentiment among these major traders is split, with 75% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $36,564, and 7 calls, totaling $248,194.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $18.0 to $19.0 for Norwegian Cruise Line over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $18.0 to $19.0 in the last 30 days.
Norwegian Cruise Line 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NCLH | CALL | SWEEP | BULLISH | 05/17/24 | $0.68 | $0.66 | $0.67 | $19.00 | $47.7K | 1.7K | 10 |
| NCLH | CALL | SWEEP | BULLISH | 05/17/24 | $0.8 | $0.78 | $0.8 | $19.00 | $43.7K | 1.7K | 3.6K |
| NCLH | CALL | SWEEP | BULLISH | 05/17/24 | $0.77 | $0.76 | $0.77 | $19.00 | $38.5K | 1.7K | 3.3K |
| NCLH | PUT | TRADE | BULLISH | 05/10/24 | $1.35 | $1.32 | $1.32 | $18.50 | $36.5K | 196 | 277 |
| NCLH | CALL | SWEEP | BULLISH | 04/19/24 | $0.14 | $0.13 | $0.14 | $18.50 | $34.0K | 1.5K | 769 |
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.
Current Position of Norwegian Cruise Line
- With a trading volume of 10,476,934, the price of NCLH is up by 2.98%, reaching $17.99.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 14 days from now.
Expert Opinions on Norwegian Cruise Line
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $23.0.
- Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Norwegian Cruise Line, targeting a price of $25.
- An analyst from Mizuho downgraded its action to Neutral with a price target of $21.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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