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Norwegian Cruise Lines call volume above normal and directionally bullish

Bullish option flow detected in Norwegian Cruise Line (NCLH)s with 13,401 calls trading, 1.2x expected, and implied vol increasing almost 4 points to 41.65%. Dec-25 21 calls and Dec-25 21.5 calls are the most active options, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 0.26. Earnings are expected on February 26th.

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