Danielle Shay's Norwegian Cruise Line Options Trade

On CNBC's "Trading Nation," Danielle Shay of Simpler Trading said the cruise stocks are sitting on a lot of debt and she's surprised they made it this far. She wants to get exposure to the sector because we've already seen the airline stocks come back pretty close to the pre-pandemic levels and the cruise line stocks are still deep down. This indicates upside potential in her opinion.

Shay would use options to trade Norwegian Cruise Line Holdings Ltd NCLH because the at-the-money calls in the name are cheap. She would pick the January 2022 or the January 2023 expiry and she sees upside potential of $30 to $40 in Norwegian.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsMediaCNBCDanielle ShayTrading Nation
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!