Benzinga | Dec 31, 2021 01:27PM EST

What Are Whales Doing With Norwegian Cruise Line

A whale with a lot of money to spend has taken a noticeably bearish stance on Norwegian Cruise Line.

Looking at options history for Norwegian Cruise Line (NYSE:NCLH) we detected 20 strange trades.

If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $360,679 and 12, calls, for a total amount of $750,699.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $15.0 to $50.0 for Norwegian Cruise Line over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $15.0 to $50.0 in the last 30 days.

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

Biggest Options Spotted:



Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestNCLH CALL SWEEP BEARISH 01/20/ $20.00 $259.8K 24.4K 619 23NCLH CALL SWEEP BEARISH 09/16/ $22.50 $160.0K 961 546 22NCLH PUT SWEEP BEARISH 02/18/ $25.00 $104.3K 4.4K 542 22NCLH PUT SWEEP BULLISH 03/18/ $20.00 $60.0K 6.4K 1.0K 22NCLH CALL TRADE BEARISH 01/07/ $22.00 $46.0K 7.1K 3.2K 22

Where Is Norwegian Cruise Line Standing Right Now?

* With a volume of 13,212,313, the price of NCLH is down -2.16% at $20.57.

* RSI indicators hint that the underlying stock may be approaching overbought.

* Next earnings are expected to be released in 55 days.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.