Speculative idea: Stock options on Norwegian Cruise Line with 91% upside potential

Recommends buying PUT options on NCLH stock with a strike price of $21.00 and an expiration date of June 18, 2026. The cruise industry is experiencing record demand, but Norwegian Cruise Line's advance sales growth has slowed. The company is pursuing a major fleet expansion, driving record capex and negative FCF. High leverage and a downward revision of the net yield outlook suggest mounting financial and profitability pressures.