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 these are institutions or just wealthy individuals, we don't know. But when something this big happens with CPRI, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for Capri Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 54%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $139,678, and 7 are calls, for a total amount of $393,238.
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 $25.0 to $50.0 for Capri Holdings over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Capri Holdings'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 Capri Holdings's whale trades within a strike price range from $25.0 to $50.0 in the last 30 days.
Capri Holdings 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CPRI | CALL | TRADE | BEARISH | 10/18/24 | $4.7 | $4.0 | $4.27 | $40.00 | $106.7K | 7.2K | 1.7K |
| CPRI | CALL | SWEEP | BULLISH | 01/17/25 | $8.6 | $7.6 | $8.6 | $40.00 | $89.9K | 11.9K | 106 |
| CPRI | CALL | SWEEP | BULLISH | 01/17/25 | $8.5 | $7.7 | $8.5 | $40.00 | $55.2K | 11.9K | 360 |
| CPRI | CALL | SWEEP | BULLISH | 01/17/25 | $6.0 | $5.8 | $5.9 | $45.00 | $41.2K | 34.5K | 74 |
| CPRI | PUT | SWEEP | BEARISH | 12/20/24 | $4.2 | $3.7 | $4.2 | $27.50 | $40.3K | 1.1K | 100 |
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.
Current Position of Capri Holdings
- Trading volume stands at 607,246, with CPRI's price up by 0.55%, positioned at $38.31.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 44 days.
What Analysts Are Saying About Capri Holdings
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $41.0.
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. * Reflecting concerns, an analyst from Citigroup lowers its rating to Neutral with a new price target of $41.
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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