Closing our NCLH puts to manage risk and free up capital.
The cruise line operator traded lower as travel and leisure stocks have weakened. The industry is still poised to grow profits as travelers resume taking trips. But since our NCLH put contracts expire tomorrow, we need to go ahead and close this position. We’ll be freeing up capital for new plays on deck!
- Buy (to close) our NCLH November 19th $27.50 Puts
- Limit $4.10 or less
~~~~~~~~~~ - 15:50 Executed
- Bot NCLH Nov 19th $27.50 Puts @ $4.07