Bearish flow noted in Capri Holdings with 4,462 puts trading, or 1.9x expected. Most active are Mar-23 40 puts and May-23 50 calls, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 4.01, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 31st.
Published first on TheFly
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