Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bear Call Spread trade opportunity for NORWEGIAN CRUISE LINE HOLDINGS (NCLH) for the 23-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NCLH was recently trading at $28.73 and has an implied volatility of 81.88% for this period. Based on an analysis of the options available for NCLH expiring on 23-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $21.26-$28.73 at expiration. In this scenario, the average linear return for the trade would be 30.69%. Big -12.67% Change: After closing the last trading session at $32.90, NORWEGIAN CRUISE LINE HOLDINGS opened today at $30.27 and has reached a low of $27.68. Trade approach: A movement as big as -12.67% is a significantly bearish indicator, so this trade is designed to be profitable if NCLH maintains its current direction and does not revert back to pricing on the bullish side of $28.73 on 23-Apr-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bearish strategy, the trade would be profitable if NORWEGIAN CRUISE LINE HOLDINGS closes at or below $30.03 on 23-Apr-2021. Based on our risk-neutral analysis, there is a 55.82% likelihood of this return. Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment. To analyze this trade in depth, please visit the Quantcha Options Search Engine.