What the Options Market Tells Us About Norwegian Cruise Line

Financial giants have made a conspicuous bullish move on Norwegian Cruise Line. Our analysis of options history for Norwegian Cruise Line NCLH revealed 11 unusual trades.

Delving into the details, we found 54% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $82,300, and 9 were calls, valued at $497,900.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $16.0 to $20.0 for Norwegian Cruise Line during the past quarter.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Norwegian Cruise Line stands at 3537.8, with a total volume reaching 4,845.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Norwegian Cruise Line, situated within the strike price corridor from $16.0 to $20.0, throughout the last 30 days.

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

Noteworthy Options Activity:

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.

In light of the recent options history for Norwegian Cruise Line, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Norwegian Cruise Line

• With a volume of 10,050,720, the price of NCLH is up 1.6% at $19.0.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 60 days.

What The Experts Say On Norwegian Cruise Line

Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $20.25.

• An analyst from Citigroup persists with their Neutral rating on Norwegian Cruise Line, maintaining a target price of $19.
• An analyst from Susquehanna has decided to maintain their Neutral rating on Norwegian Cruise Line, which currently sits at a price target of $21.
• An analyst from Barclays persists with their Equal-Weight rating on Norwegian Cruise Line, maintaining a target price of $21.
• An analyst from Susquehanna has decided to maintain their Neutral rating on Norwegian Cruise Line, which currently sits at a price target of $20.

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.