Big Players' Recent Trades in NCLH Options

Deep-pocketed investors have adopted a bullish approach towards Norwegian Cruise Line NCLH, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NCLH usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Norwegian Cruise Line. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 60% leaning bullish and 40% bearish. Among these notable options, 11 are puts, totaling $613,860, and 4 are calls, amounting to $133,287.

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Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $8.0 to $17.5 for Norwegian Cruise Line over the recent three months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Norwegian Cruise Line's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Norwegian Cruise Line's significant trades, within a strike price range of $8.0 to $17.5, over the past month.

Norwegian Cruise Line Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

About Norwegian Cruise Line

Norwegian Cruise Line is the world's third-largest cruise company by berths (at more than 66,000), operating 31 ships across three brands (Norwegian, Oceania, and Regent Seven Seas), offering both freestyle and luxury cruising. The company had redeployed its entire fleet as of May 2022. With six passenger vessels on order among its brands through 2028 (representing 16,500 incremental berths), Norwegian is increasing capacity faster than its peers, expanding its brand globally. Norwegian sails to around 700 global destinations.

Having examined the options trading patterns of Norwegian Cruise Line, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Norwegian Cruise Line

• With a trading volume of 8,191,168, the price of NCLH is up by 2.58%, reaching $14.7.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 97 days from now.

What The Experts Say On Norwegian Cruise Line

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $15.5.

• Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Norwegian Cruise Line with a target price of $17.
• An analyst from Morgan Stanley persists with their Underweight rating on Norwegian Cruise Line, maintaining a target price of $13.
• An analyst from Barclays has decided to maintain their Equal-Weight rating on Norwegian Cruise Line, which currently sits at a price target of $14.
• An analyst from Susquehanna has decided to maintain their Neutral rating on Norwegian Cruise Line, which currently sits at a price target of $14.
• Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Norwegian Cruise Line, targeting a price of $19.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Norwegian Cruise Line with Benzinga Pro for real-time alerts.