High-rolling investors have positioned themselves bullish on Tapestry TPR, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in TPR often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Tapestry. This is not a typical pattern.
The sentiment among these major traders is split, with 75% bullish and 12% bearish. Among all the options we identified, there was one put, amounting to $25,990, and 7 calls, totaling $1,284,731.
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 $30.0 to $80.0 for Tapestry over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Tapestry'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 Tapestry's whale activity within a strike price range from $30.0 to $80.0 in the last 30 days.
Tapestry Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TPR | CALL | SWEEP | BEARISH | 06/18/26 | $19.2 | $17.3 | $19.1 | $60.00 | $382.0K | 7.2K | 400 |
| TPR | CALL | SWEEP | BULLISH | 06/18/26 | $19.1 | $18.3 | $19.1 | $60.00 | $381.8K | 7.2K | 200 |
| TPR | CALL | SWEEP | BULLISH | 06/18/26 | $19.1 | $19.1 | $19.1 | $60.00 | $217.7K | 7.2K | 0 |
| TPR | CALL | SWEEP | BULLISH | 06/18/26 | $19.2 | $18.2 | $19.2 | $60.00 | $153.6K | 7.2K | 120 |
| TPR | CALL | TRADE | BULLISH | 01/17/25 | $41.1 | $39.2 | $40.5 | $30.00 | $60.7K | 27 | 15 |
About Tapestry
Coach, Kate Spade, and Stuart Weitzman are Tapestry's fashion and accessory brands. The firm's products are sold through about 1,400 company-operated stores, wholesale channels, and e-commerce in North America (64% of fiscal 2024 sales), Europe, Asia (29% of fiscal 2024 sales), and elsewhere. Coach (76% of fiscal 2024 sales) is best known for affordable luxury leather products. Kate Spade (20% of fiscal 2023 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 69% of Tapestry's sales in fiscal 2024. Stuart Weitzman (4% of sales) generates virtually all its revenue from women's footwear.
Following our analysis of the options activities associated with Tapestry, we pivot to a closer look at the company's own performance.
Where Is Tapestry Standing Right Now?
- With a trading volume of 1,315,167, the price of TPR is up by 2.17%, reaching $71.14.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 20 days from now.
What Analysts Are Saying About Tapestry
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $79.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * In a positive move, an analyst from Barclays has upgraded their rating to Overweight and adjusted the price target to $87. * Showing optimism, an analyst from Jefferies upgrades its rating to Buy with a revised price target of $80. * Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Tapestry with a target price of $70.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Tapestry with Benzinga Pro for real-time alerts.
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