Bearish flow noted in Capri Holdings with 6,486 puts trading, or 1.0x expected. Most active are Dec-23 47.5 puts and Jan-24 47.5 calls, with total volume in those strikes near 7,000 contracts. The Put/Call Ratio is 5.68, while ATM IV is up over 1 point on the day. Earnings are expected on February 7th.
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