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Capri Holdings put volume heavy and directionally bearish

Capri Holdings put volume heavy and directionally bearish

Bearish flow noted in Capri Holdings with 2,953 puts trading, or 1.2x expected. Most active are Nov-24 20 puts and 10/25 weekly 20 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 7.83, while ATM IV is up over 1 point on the day. Earnings are expected on November 7th.

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