Financial giants have made a conspicuous bullish move on Norwegian Cruise Line. Our analysis of options history for Norwegian Cruise Line NCLH revealed 13 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $932,672, and 6 were calls, valued at $445,819.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $30.0 for Norwegian Cruise Line over the recent three 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 $10.0 to $30.0 in the last 30 days.
Norwegian Cruise Line Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NCLH | PUT | TRADE | BULLISH | 09/20/24 | $1.2 | $1.17 | $1.18 | $17.00 | $206.5K | 4.0K | 0 |
| NCLH | PUT | TRADE | BULLISH | 05/17/24 | $0.42 | $0.39 | $0.4 | $17.50 | $200.0K | 17.7K | 200 |
| NCLH | CALL | TRADE | BEARISH | 01/17/25 | $2.87 | $2.81 | $2.81 | $20.00 | $168.6K | 5.4K | 600 |
| NCLH | PUT | SWEEP | BULLISH | 01/16/26 | $3.15 | $2.98 | $3.0 | $17.00 | $150.4K | 1.6K | 0 |
| NCLH | PUT | SWEEP | BEARISH | 12/18/26 | $6.1 | $4.95 | $6.1 | $22.00 | $121.6K | 617 | 200 |
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.
After a thorough review of the options trading surrounding Norwegian Cruise Line, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Norwegian Cruise Line's Current Market Status
- Trading volume stands at 9,517,325, with NCLH's price down by -0.68%, positioned at $19.05.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 1 days.
What Analysts Are Saying About Norwegian Cruise Line
1 market experts have recently issued ratings for this stock, with a consensus target price of $25.0.
- 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 are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Norwegian Cruise Line, Benzinga Pro gives you real-time options trades alerts.
© 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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