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Norwegian Cruise Lines put volume heavy and directionally bearish
The Fly

Norwegian Cruise Lines put volume heavy and directionally bearish

Bearish flow noted in Norwegian Cruise Lines with 13,425 puts trading, or 2x expected. Most active are Apr-24 20 puts and Sep-24 19 puts, with total volume in those strikes near 8,900 contracts. The Put/Call Ratio is 3.05, while ATM IV is up over 4 points on the day. Earnings are expected on April 29th.

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