Norwegian Cruise Line Holdings Ltd
Norwegian Cruise Line Holdings Ltd (NCLH) Wheel Strategy
NCLH wheel strategy scan found 55 cash-secured put setups on the previous trading day. Probability of expiring worthless is above 50%. Annualized returns reach up to 139.0%.
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Running a NCLH wheel strategy lets you generate consistent premium income on Norwegian Cruise Line Holdings Ltd while setting your own entry and exit prices on the underlying. Norwegian Cruise Line Holdings Ltd's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own NCLH, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best NCLH wheel strategy setups in real time.
The wheel works best on liquid, high-quality names with stable fundamentals and active options markets — exactly the profile many large-cap leaders fit. The mechanics are simple: sell a cash-secured put on NCLH, collect premium, and either keep the premium if it expires worthless or take assignment at a discount to current price. Once assigned, sell covered calls against the shares to keep collecting premium until they're called away. Choosing the right strikes, expirations, and IV environment is what separates a profitable NCLH wheel from a losing one.
Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various locations, including destinations in Scandinavia, Russia, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.
As of December 31, 2021, the company had 28 ships with approximately 59,150 berths. It distributes its products through retail/travel advisor and onboard cruise sales channels, as well as meetings, incentives, and charters. Norwegian Cruise Line Holdings Ltd. was founded in 1966 and is based in Miami, Florida.
The difference between a wheel that compounds and one that bleeds comes down to strike selection, IV timing, and discipline on assignment. Our scanner handles the heavy lifting: it ranks every leg of the NCLH wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your NCLH wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
| Sep 25, 2026 | 14.00 | $0.14 | $0.16 | -0.36 | 3 | 36% | 63.9% | 139.0% | 1,166 |
| Oct 2, 2026 | 14.00 | $0.31 | $0.36 | -0.40 | 10 | 36% | 56.7% | 92.6% | 524 |
| Oct 9, 2026 | 14.00 | $0.40 | $0.46 | -0.41 | 17 | 36% | 54.6% | 70.5% | 382 |
| Oct 16, 2026 | 14.00 | $0.58 | $0.59 | -0.42 | 24 | 36% | 53.3% | 64.1% | 5,346 |
| Oct 2, 2026 | 13.50 | $0.15 | $0.23 | -0.27 | 10 | 36% | 73.4% | 60.8% | 53 |
| Oct 23, 2026 | 14.00 | $0.56 | $0.64 | -0.42 | 31 | 36% | 52.5% | 53.4% | 125 |
| Oct 30, 2026 | 14.00 | $0.66 | $0.77 | -0.42 | 38 | 36% | 51.9% | 52.5% | 266 |
| Sep 25, 2026 | 13.50 | $0.04 | $0.05 | -0.14 | 3 | 36% | 88.9% | 45.1% | 334 |
| Nov 20, 2026 | 14.00 | $0.93 | $1.02 | -0.42 | 59 | 36% | 50.6% | 44.9% | 320 |
| Oct 9, 2026 | 13.50 | $0.23 | $0.28 | -0.29 | 17 | 36% | 67.8% | 44.5% | 11 |
As of September 25, 2026
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