NCLH

Shares of Norwegian Cruise Line (NYSE: NCLH) saw some unusual options activity on Wednesday. Following the unusual option alert, the stock price moved up to $23.05. * Sentiment: BEARISH * Option Type: TRADE * Trade Type: CALL * Expiration Date: 2022-01-21 * Strike Price: $50.00 * Volume: 636 * Open Interest: 3647Three Ways Options Activity Is 'Unusual'Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. The volume of options activity refers to the number of contracts traded over a given time period. The number of unsettled contracts that have been traded, but not yet closed, is called open interest. These contracts are not yet closed because a buyer has not purchased the contract, or a seller has not sold it.The trading of a contract with an expiration date in the distant future is another sign of unusual activity. Generally, additional time until a contract expires increases the potential for it to reach its strike price and grow its time value. Time value is important in this context because it represents the difference between the strike price and the value of the underlying asset.Contracts with a strike price far from the underlying price are also considered unusual because they are defined as being "out of the money". This occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made because the underlying asset value is expected to change dramatically in the future, and the buyer or seller can take advantage of a greater profit margin.Understanding Sentiment Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price.Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity.Using These Strategies To Trade Options Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.For more information to understand options alerts, visit https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alertsSee more from Benzinga * Click here for options trades from Benzinga * 10 Consumer Discretionary Stocks With Unusual Options Alerts In Today's Session * 10 Consumer Discretionary Stocks Showing Unusual Options Activity In Today's Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

While some may consider these consumer discretionaries as “epicenter stocks,” it’s safe to say that there’s a much more specific focus on travel stocks as a whole of late.

"I mean, frankly we probably should have done this sooner," Dr. Scott Gottlieb, the former U.S. Food and Drug Administration commissioner, told CNBC.

Investors appear to be looking out to 2021 and vaccine relief as travel-related stocks start the day off strong.Carnival ([[CCL]] +8.8%), Norwegian Cruise Line Holdings ([[NCLH]] +6.7%), Lindblad Expeditions ([[LIND]]

It was only a week ago that the CDC urged Americans not to travel or spend the holiday with people outside their household, but pandemic fatigue appears to be setting

"I think you have to buy a couple of these vaccine winners on any weakness, although when it comes to retail, I just say buy some," the "Mad Money" host said.

U.S. cruise stocks are shrugging off a potentially damaging setback after the Centers for Disease Control and Prevention over the weekend ratcheted up its warning about cruise travel.

On CNBC's "Mad Money Lightning Round," Jim Cramer said he doesn't know if Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) will be able to get back to its pre-pandemic leve