Bearish flow noted in Capri Holdings with 13,130 puts trading, or 2x expected. Most active are May-24 37.5 puts and Apr-24 45 puts, with total volume in those strikes near 10,200 contracts. The Put/Call Ratio is 10.19, while ATM IV is up over 1 point on the day. Earnings are expected on May 29th.
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