Bearish flow noted in Norwegian Cruise Lines with 33,511 puts trading, or 3x expected. Most active are Jan-24 14 puts and 1/12 weekly 16 puts, with total volume in those strikes near 24,400 contracts. The Put/Call Ratio is 2.28, while ATM IV is up nearly 4 points on the day. Earnings are expected on February 27th.
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