Bearish flow noted in Norwegian Cruise Line (NCLH)s with 11,947 puts trading, or 1.8x expected. Most active are 11/22 weekly 25.5 puts and 11/22 weekly 22.5 puts, with total volume in those strikes near 8,000 contracts. The Put/Call Ratio is 1.51, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 25th.
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Read More on NCLH:
- Norwegian Cruise Line price target raised to $29 from $26 at BofA
- Norwegian Cruise Line price target raised to $26 from $19 at Morgan Stanley
- Norwegian Cruise Line price target raised to $36 from $32 at Tigress Financial
- Norwegian Cruise Line price target raised to $29 from $19 at UBS
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