Deep-pocketed investors have adopted a bullish 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 13 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 53% leaning bullish and 46% bearish. Among these notable options, 6 are puts, totaling $409,927, and 7 are calls, amounting to $908,638.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $35.0 and $50.0 for Capri Holdings, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Capri Holdings stands at 9434.67, with a total volume reaching 18,292.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Capri Holdings, situated within the strike price corridor from $35.0 to $50.0, throughout 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 | CALL | TRADE | BULLISH | 05/17/24 | $1.2 | $1.15 | $1.2 | $45.00 | $667.0K | 3.5K | 9.6K |
| CPRI | PUT | TRADE | BEARISH | 05/17/24 | $0.85 | $0.65 | $0.85 | $35.00 | $170.0K | 8.2K | 2.2K |
| CPRI | PUT | SWEEP | BULLISH | 01/17/25 | $7.9 | $6.1 | $6.78 | $40.00 | $67.1K | 17.1K | 402 |
| CPRI | PUT | SWEEP | BULLISH | 01/17/25 | $7.9 | $6.1 | $6.63 | $40.00 | $63.0K | 17.1K | 502 |
| CPRI | CALL | SWEEP | BEARISH | 05/17/24 | $3.6 | $1.4 | $1.4 | $42.50 | $54.6K | 5.0K | 693 |
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.
Having examined the options trading patterns of Capri Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Capri Holdings Standing Right Now?
- With a volume of 2,965,696, the price of CPRI is down -0.05% at $39.29.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 44 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Capri Holdings options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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