Deep-pocketed investors have adopted a bearish approach towards Capri Holdings CPRI, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CPRI usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Capri Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 27% leaning bullish and 72% bearish. Among these notable options, 6 are puts, totaling $694,162, and 5 are calls, amounting to $221,040.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $50.0 for Capri Holdings over the last 3 months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Capri Holdings's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Capri Holdings's whale trades within a strike price range from $45.0 to $50.0 in the last 30 days.
Capri Holdings 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CPRI | PUT | TRADE | BULLISH | 04/19/24 | $3.8 | $1.7 | $2.0 | $45.00 | $514.8K | 17.5K | 558 |
| CPRI | CALL | TRADE | BULLISH | 04/19/24 | $0.1 | $0.05 | $0.1 | $50.00 | $85.0K | 6.2K | 80 |
| CPRI | CALL | SWEEP | BULLISH | 04/19/24 | $0.5 | $0.45 | $0.5 | $45.00 | $50.0K | 2.0K | 2 |
| CPRI | PUT | SWEEP | BEARISH | 04/19/24 | $2.15 | $1.85 | $2.05 | $45.00 | $41.0K | 17.5K | 3.3K |
| CPRI | PUT | SWEEP | BEARISH | 04/19/24 | $1.9 | $1.85 | $1.9 | $45.00 | $40.6K | 17.5K | 344 |
About Capri Holdings
Michael Kors, Versace, and Jimmy Choo are the brands of Capri Holdings, a marketer, distributor, and retailer of upscale accessories and apparel. Michael Kors, Capri's largest brand, offers handbags, footwear, and apparel through more than 800 company-owned stores, wholesale, and e-commerce. Versace (acquired in 2018) is known for its ready-to-wear luxury fashion, while Jimmy Choo (acquired in 2017) is best known for women's luxury footwear. John Idol has served as CEO since 2003.
Capri Holdings's Current Market Status
- Currently trading with a volume of 1,031,348, the CPRI's price is down by -0.02%, now at $44.02.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 49 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Capri Holdings, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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