Norwegian Cruise Line Holdings Ltd. (NCLH) Options Volume

24,495 Norwegian Cruise Line Holdings Ltd. (NCLH) option contracts changed hands in the latest session, at a put/call volume ratio of 1.05. This page tracks how actively NCLH options trade — contracts and dollars — and flags individual contracts running far above their own 30-day average volume.

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

Options Volume & Premium Flow

Total options volume24,495
Call volume11,951
Put volume12,544
Put/call volume ratio1.05
Listed contracts588
Call premium traded$723.24K
Put premium traded$2M
Premium put/call ratio2.77
Open interest rank (31 day)75 / 100
Skew rank (31 day)55 / 100

NCLH Options Volume Trend

026.4K52.8K79.2K105.6KFeb '26May '26Aug '26

NCLH total options volume per session, past year.

0.001.953.905.847.79Feb '26May '26Aug '26

NCLH put/call volume ratio, past year.

NCLH Unusual Options Activity

Contracts trading at least 3× their own 30-day average volume (minimum 500 contracts):

ContractExpirationLastIV Open interestVolumevs 30d avg
NCLH $15 put Mar 19, 2027 $1.39 48.8% 1,564 3,174 23.2× avg
NCLH $17 put Jan 15, 2027 $1.99 47.5% 12,760 2,332 40.1× avg
NCLH $19 call Sep 18, 2026 $0.25 43.6% 8,594 1,394 12.1× avg
NCLH $16.5 put Aug 28, 2026 $0.05 44.2% 582 1,109 4.9× avg
NCLH $18 put Jan 21, 2028 $3.98 51.2% 1,842 1,040 33.9× avg
NCLH $25 call Jan 15, 2027 $0.34 47.5% 19,380 1,019 16.5× avg
NCLH $18 call Sep 18, 2026 $0.49 43.9% 2,553 630 6.3× avg
NCLH $19 put Sep 18, 2026 $1.98 39.7% 3,449 535 10.4× avg

With a put/call volume ratio of 1.05, today's trading is roughly balanced between calls and puts. Measured in dollars rather than contracts, $723.24K of call premium and $2M of put premium changed hands — the larger premium flow is on the put side. 8 contracts are trading at least three times their own 30-day average volume — activity worth a closer look.

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NCLH Options FAQ

How many NCLH options traded today?

24,495 NCLH option contracts traded as of Aug 24, 2026 — 11,951 calls and 12,544 puts.

Is there unusual options activity in NCLH today?

Yes — 8 contracts are trading at least three times their 30-day average volume as of Aug 24, 2026. OptiView flags a contract as unusual when today's volume runs at 3× its own average with at least 500 contracts traded.

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.