Capri Holdings put volume heavy and directionally bearish
The Fly

Capri Holdings put volume heavy and directionally bearish

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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