Market Whales and Their Recent Bets on CPRI Options

Investors with significant funds have taken a bearish position in Capri Holdings CPRI, a development that retail traders should be aware of.

This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in CPRI usually indicates foreknowledge of upcoming events.

Today, Benzinga's options scanner identified 8 options transactions for Capri Holdings. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 25% being bullish and 62% bearish. Of all the options we discovered, 7 are puts, valued at $671,910, and there was a single call, worth $25,000.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $20.0 to $40.0 for Capri Holdings during the past quarter.

Volume & Open Interest Trends

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 $40.0, over the past month.

Capri Holdings Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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.

Following our analysis of the options activities associated with Capri Holdings, we pivot to a closer look at the company's own performance.

Capri Holdings's Current Market Status

• Trading volume stands at 752,359, with CPRI's price up by 2.7%, positioned at $31.79.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 46 days.

What The Experts Say On Capri Holdings

4 market experts have recently issued ratings for this stock, with a consensus target price of $40.75.

• Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Market Perform rating for Capri Holdings, targeting a price of $42.
• An analyst from Telsey Advisory Group persists with their Market Perform rating on Capri Holdings, maintaining a target price of $42.
• Showing optimism, an analyst from Citigroup upgrades its rating to Buy with a revised price target of $41.
• An analyst from Jefferies has decided to maintain their Hold rating on Capri Holdings, which currently sits at a price target of $38.

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.