Bearish flow noted in Norwegian Cruise Lines with 8,130 puts trading, or 1.2x expected. Most active are 10/4 weekly 19.5 puts and Oct-24 18.5 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 2.69, while ATM IV is up nearly 5 points on the day. Earnings are expected on October 30th.
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