Investors with a lot of money to spend have taken a bearish stance on Capri Holdings CPRI.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with CPRI, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Capri Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.
Out of all of the options we uncovered, 7 are puts, for a total amount of $835,784, and there was 1 call, for a total amount of $38,000.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $50.0 for Capri Holdings over the last 3 months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Capri Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Capri Holdings's significant trades, within a strike price range of $20.0 to $50.0, over the past month.
Capri Holdings Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CPRI | PUT | TRADE | BEARISH | 01/17/25 | $2.6 | $2.25 | $2.55 | $25.00 | $366.9K | 49.3K | 1.5K |
| CPRI | PUT | TRADE | BEARISH | 11/15/24 | $2.2 | $1.75 | $2.15 | $25.00 | $237.7K | 19.5K | 1.1K |
| CPRI | PUT | SWEEP | BEARISH | 01/17/25 | $1.1 | $0.95 | $1.0 | $20.00 | $79.1K | 33.2K | 1.7K |
| CPRI | PUT | TRADE | BEARISH | 01/17/25 | $1.0 | $0.95 | $1.0 | $20.00 | $70.9K | 33.2K | 917 |
| CPRI | CALL | TRADE | BULLISH | 01/17/25 | $3.8 | $3.4 | $3.8 | $50.00 | $38.0K | 52.2K | 108 |
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 700 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.
In light of the recent options history for Capri Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Capri Holdings Standing Right Now?
- Trading volume stands at 864,959, with CPRI's price down by -0.66%, positioned at $42.63.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 21 days.
Expert Opinions on Capri Holdings
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $42.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Wells Fargo has revised its rating downward to Equal-Weight, adjusting the price target to $42.
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.
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