Norwegian Cruise Line Holdings Ltd. (NCLH) Options Statistics & Positioning

Norwegian Cruise Line Holdings Ltd. (NCLH) options trade at a 30-day at-the-money implied volatility of 46.0%, an IV rank of 27 out of 100 over the past year. The options market prices a ±$2.08 (±12.0%) move in NCLH for the front expiration. Max pain sits at $20 and the put/call open interest ratio is 0.92. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$17.29

52-week range

$14.77 – $27.02

ATM IV (30d)

46.0%

IV rank

27 / 100

Low

Expected move

±$2.08 (±12.0%)

Put/call OI

0.92

Max pain

$20

↑ 15.7% above close

Next earnings

Nov 8, 2026

Most Active NCLH Contracts

Contract	Expiration	DTE	Last	IV	Volume
NCLH $15 put	Mar 19, 2027	207d	$1.39	48.8%	3,174
NCLH $17 put	Jan 15, 2027	144d	$1.99	47.5%	2,332
NCLH $18 call	Aug 28, 2026	4d	$0.10	49.4%	1,785
NCLH $19 call	Sep 18, 2026	25d	$0.25	43.6%	1,394
NCLH $17 put	Aug 28, 2026	4d	$0.21	52.0%	1,294

See all active NCLH contracts →

Explore NCLH Options Statistics

NCLH Implied Volatility

46.0% ATM IV (30d)

An IV rank of 27 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

NCLH Open Interest

0.92 put/call OI ratio

281,243 calls and 258,103 puts outstanding across all expirations.

Full open interest analysis →

NCLH Max Pain

$20 max pain

15.7% above the last close — see how max pain has moved over the past year.

Full max pain analysis →

NCLH Gamma Exposure

-$126.93M net GEX

Negative dealer gamma — hedging can currently amplify price swings.

Full gamma exposure analysis →

NCLH Options Volume

24,495 contracts traded

Put/call volume ratio 1.05 — plus contracts running far above their usual volume.

Full volume & flow analysis →

NCLH Most Active Options

$17 top volume strike

The 25 most actively traded NCLH contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Upcoming Earnings

NCLH's next expected earnings date is Nov 8, 2026. Options currently price a ±$2.08 (±12.0%) move for the front expiration.

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NCLH Options FAQ

When is NCLH's next earnings date?

NCLH's next expected earnings date is Nov 8, 2026. Options currently price a ±$2.08 (±12.0%) move for the front expiration.

How often is NCLH options data on this page updated?

All NCLH statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see NCLH max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated NCLH pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.