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Norwegian Cruise Lines call volume above normal and directionally bullish

Bullish option flow detected in Norwegian Cruise Lines with 8,726 calls trading, 1.2x expected, and implied vol increasing over 1 point to 41.06%. Aug-24 16 puts and 8/23 weekly 16.5 calls are the most active options, with total volume in those strikes near 7,000 contracts. The Put/Call Ratio is 0.61. Earnings are expected on October 30th.

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