Norwegian Cruise Line (NCLH) Options Chain

NYSE: NCLHConsumer DiscretionaryMarine TransportationUSD

15.57+0.08 (+0.52%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jun 17, 2027
Days to expiration: 249
Share price: $15.57
Put/call ratio (OI): 1.37
Put/call ratio (volume): 0.98
ATM implied volatility: 52.7%
Expected move: ±$6.77
Open interest (C / P): 12.93K / 17.72K

NCLH options summary

The NCLH options chain for the June 17, 2027 expiration lists 17 call and 17 put contracts, with 249 days until expiration. Open interest stands at 12,925 calls and 17,723 puts, a put/call ratio of 1.37, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $16.00 strike is 52.7%, which implies the market expects a move of about ±$6.77 (43.5%) in Norwegian Cruise Line stock by expiration.

The most open interest sits at the $22.00 call (3.02K contracts) and the $22.00 put (6.01K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

NCLH options chain · June 17, 2027

NCLH calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
1	1	65.2%	9.34	9.95	11.25	5.00	0.01	0.05	0.03	65.6%	21	103
—	—	—	—	—	—	9.00	0.28	0.39	0.37	57.1%	75	614
662	45	64.8%	6.37	6.10	6.55	10.00	0.24	0.55	0.51	51.1%	2	477
—	—	—	—	—	—	11.00	0.48	0.77	0.73	50.9%	2	9
7	5	59.6%	4.86	4.65	5.00	12.00	0.80	1.17	1.14	52.3%	667	678
377	103	59.1%	4.21	4.05	4.40	13.00	1.14	1.50	1.32	51.2%	1	4,126
24	3	57.3%	3.80	3.50	3.75	14.00	1.58	1.96	1.71	51.2%	13	38
1,175	51	59.7%	3.06	3.05	3.50	15.00	1.86	2.34	2.18	52.3%	1	3,644
NCLH $15.57
34	1	57.4%	2.74	2.58	2.93	16.00	2.52	2.70	3.00	47.9%	3	13
14	2	53.4%	2.19	1.98	2.40	17.00	—	—	—	—	—	—
1,475	12	55.8%	1.93	1.83	2.16	18.00	3.70	4.35	4.15	54.3%	20	1,652
109	25	55.1%	1.68	1.53	1.85	19.00	—	—	—	—	—	—
2,881	485	55.0%	1.32	1.31	1.59	20.00	5.20	5.35	5.90	43.9%	1	161
3,023	253	53.3%	0.97	0.87	1.12	22.00	6.80	7.10	7.50	45.6%	6	6,015
1,423	25	51.9%	0.60	0.34	0.80	25.00	9.45	9.90	10.75	49.0%	27	193
180	1	51.7%	0.40	0.35	0.46	27.00	11.35	11.80	12.23	50.5%	1	0
1,120	13	52.7%	0.27	0.21	0.33	30.00	0.00	0.00	12.80	—	2	0
209	7	56.1%	0.19	0.14	0.39	32.00	15.90	17.35	16.46	52.7%	2	0
211	1	53.1%	0.13	0.08	0.18	35.00	0.00	0.00	13.30	—	165	0

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the NCLH put/call ratio?

For the June 17, 2027 expiration, the NCLH put/call ratio based on open interest is 1.37 (17,723 puts vs 12,925 calls), and 0.98 based on today's volume. A ratio above 1 means more puts than calls.

What is NCLH's implied volatility?

At-the-money implied volatility for NCLH options expiring June 17, 2027 is about 52.7%, an annualized estimate of how much the market expects Norwegian Cruise Line stock to move.

How many NCLH option expiration dates are there?

NCLH has 14 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.