Bearish flow noted in Capri Holdings with 13,596 puts trading, or 3x expected. Most active are Aug-24 32.5 puts and Jan-25 40 puts, with total volume in those strikes near 11,000 contracts. The Put/Call Ratio is 5.25, while ATM IV is up over 1 point on the day. Earnings are expected on May 29th.
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