Whales with a lot of money to spend have taken a noticeably bearish stance on Capri Holdings.
Looking at options history for Capri Holdings CPRI we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $177,074 and 2, calls, for a total amount of $291,500.
Predicted Price Range
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 $45.0 for Capri Holdings over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Capri Holdings options trades today is 10752.67 with a total volume of 5,895.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Capri Holdings's big money trades within a strike price range of $30.0 to $45.0 over the last 30 days.
Capri Holdings 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CPRI | CALL | TRADE | BEARISH | 09/27/24 | $2.6 | $0.0 | $0.95 | $40.00 | $161.5K | 0 | 1.7K |
| CPRI | CALL | TRADE | BEARISH | 01/17/25 | $3.0 | $2.55 | $2.6 | $45.00 | $130.0K | 22.0K | 764 |
| CPRI | PUT | SWEEP | BULLISH | 10/18/24 | $4.0 | $3.5 | $3.5 | $30.00 | $35.3K | 2.6K | 10 |
| CPRI | PUT | SWEEP | BEARISH | 09/20/24 | $3.5 | $2.85 | $3.3 | $32.50 | $33.3K | 1.9K | 207 |
| CPRI | PUT | TRADE | BEARISH | 09/20/24 | $3.5 | $3.0 | $3.3 | $32.50 | $32.6K | 1.9K | 106 |
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.
Capri Holdings's Current Market Status
- With a volume of 1,677,759, the price of CPRI is down -4.61% at $30.62.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 90 days.
Expert Opinions on Capri Holdings
In the last month, 2 experts released ratings on this stock with an average target price of $40.5.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on Capri Holdings, which currently sits at a price target of $42.
- Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Capri Holdings, targeting a price of $39.
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 Capri Holdings with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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