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Zach Scheidt

Helping families build wealth so they can focus on what really matters

INCOME MODEL TRADE ALERT — NCLH

May 17, 2022 at 12:27 pm by Zach Scheidt

Rolling our NCLH puts to a lower strike price and new expiration date.

Shares of Norwegian Cruise Line (NCLH) have pulled back during this turbulent market period. But the travel industry is picking up as covid restrictions are eased, and NCLH should be a primary beneficiary.

The stock has found support above the $15 price point and has begun moving higher.

Our May put contracts are set to expire on Friday. So we’ll be closing these put contracts ahead of expiration.

At the same time, we’re going to be rolling out a NEW income play for NCLH using a lower strike price. This creates more of a buffer helping to protect your wealth while giving us more income from this stock.

We’re buying back our original NCLH put contracts at a loss. But our second position should help to offset that loss and put us back on the road to growing your profits.

  • Buy (to close) our NCLH May 20th $20 puts
  • Sell (to open) three NCLH June 17th $15 puts
  • Limit: Net DEBIT of $2.75 or less
  • The new position will represent roughly 5.0% of our model.
    ~~~~~~~
  • 12:34 Executed
  • Bot NCLH May 20th $20 Puts @ $3.25
  • Sold NCLH Jun 17th $15 Puts @ $0.60
  • Net Debit $2.65

*NOTE: If you don’t have a position in NCLH, simply sell the NEW put contracts to enter the trade. I recommend a limit of $0.60 or more for selling the new put contracts.

  • Sell (to open) three NCLH June 17th $15 puts
  • Limit: $0.60 or more

(Trade procedure: 5 minutes after this notification posts, I will enter the trade on my brokerage platform. Once filled I will edit this post to include execution prices.)

Please note: I am placing these trades in my own account. And while I notify the group of all trades 5 minutes before I place my own personal trades, this creates a conflict of interest. Please review all disclosures and agreements included with your subscription packet.

Filed Under: income trades Tagged With: $NCLH

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