19.4K calls and 11.6K puts traded on Nov 4, 2026, 31.0K contracts in total. Open interest was 583.89K contracts. Over the past 30 days, volume averaged 25.88K contracts per day. The NCLH option volume chart shows volume by strike and expiration date.

Norwegian Cruise Line IV rank is 28, so its 30-day implied volatility of 45.8% is in the lower part of its one-year range. Over the past year it ranged from 35.4% on Dec 22, 2025 to 72.8% on Mar 30, 2026. See the NCLH implied volatility history for a longer view.

The Norwegian Cruise Line put/call volume ratio was 0.60 on Nov 4, 2026, so calls outnumber puts. The put/call open interest ratio was 0.95. The NCLH open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for Norwegian Cruise Line options about one week from expiration was $16.00, 13.9% below the $18.59 close. The NCLH max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 57.1%, options price a move of about ±$1.47 (±7.9%) over the next week, a range of roughly $17.12 to $20.06 from the Nov 4, 2026 close. The NCLH expected move chart shows it for every expiration date.