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: Jan 19, 2029
Days to expiration: 831
Share price: $15.57
Put/call ratio (OI): 0.18
Put/call ratio (volume): 2.00
ATM implied volatility: 54.4%
Expected move: ±$12.77
Open interest (C / P): 1.89K / 336

NCLH options summary

The NCLH options chain for the January 19, 2029 expiration lists 12 call and 7 put contracts, with 831 days until expiration. Open interest stands at 1,892 calls and 336 puts, a put/call ratio of 0.18, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $15.00 strike is 54.4%, which implies the market expects a move of about ±$12.77 (82.0%) in Norwegian Cruise Line stock by expiration.

The most open interest sits at the $15.00 call (839 contracts) and the $12.00 put (138 contracts).

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

NCLH options chain · January 19, 2029

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
19	1	88.0%	12.10	12.30	13.65	3.00	—	—	—	—	—	—
37	1	77.9%	11.12	11.15	11.65	5.00	0.25	0.51	0.34	60.3%	5	54
35	2	70.0%	7.90	9.10	9.55	8.00	0.64	1.01	1.00	54.0%	10	50
35	1	66.5%	7.95	7.85	8.40	10.00	1.23	1.62	1.62	51.0%	5	29
112	2	63.0%	6.99	6.80	7.20	12.00	1.98	2.38	2.42	48.4%	70	138
839	26	63.0%	5.60	5.45	6.30	15.00	3.55	3.85	3.80	45.8%	1	58
NCLH $15.57
202	4	58.9%	4.80	4.70	5.10	17.00	4.65	5.00	4.99	44.1%	1	1
83	1	56.6%	3.98	3.65	4.15	20.00	5.50	6.90	7.45	41.3%	4	6
15	3	55.6%	3.13	3.15	3.60	22.00	—	—	—	—	—	—
372	3	54.4%	2.70	2.50	2.92	25.00	—	—	—	—	—	—
7	—	53.9%	2.02	2.17	2.57	27.00	—	—	—	—	—	—
136	4	52.4%	1.98	1.62	2.11	30.00	—	—	—	—	—	—

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 January 19, 2029 expiration, the NCLH put/call ratio based on open interest is 0.18 (336 puts vs 1,892 calls), and 2.00 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 January 19, 2029 is about 54.4%, 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.