Bearish flow noted in Norwegian Cruise Lines with 6,287 puts trading, or 1.7x expected. Most active are Apr-24 20 puts and 3/28 weekly 21 calls, with total volume in those strikes near 4,800 contracts. The Put/Call Ratio is 2.57, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 29th.
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