Bearish flow noted in Capri Holdings with 2,495 puts trading, or 1.0x expected. Most active are Oct-24 30 puts and Oct-24 36.5 puts, with total volume in those strikes near 900 contracts. The Put/Call Ratio is 5.64, while ATM IV is up over 3 points on the day. Earnings are expected on November 7th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CPRI:
- Unusually active option classes on open October 9th
- Capri Holdings call volume above normal and directionally bullish
- Capri Holdings downgraded to Neutral from Buy at Citi
- M&A News: Tapestry’s (NYSE:TPR) Merger with Capri Comes Under Fire
- Tapestry says ‘working expeditiously’ to close Capri Holdings deal in 2024