High-rolling investors have positioned themselves bullish on Capri Holdings CPRI, 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 CPRI often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Capri Holdings. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $46,000, and 7 calls, totaling $358,060.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $50.0 for Capri Holdings, spanning the last three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Capri Holdings stands at 4074.8, with a total volume reaching 1,435.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Capri Holdings, situated within the strike price corridor from $40.0 to $50.0, throughout the last 30 days.
Capri Holdings Option Activity Analysis: 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 | CALL | TRADE | BEARISH | 11/01/24 | $3.9 | $2.9 | $3.3 | $45.00 | $163.0K | 245 | 609 |
| CPRI | PUT | TRADE | BEARISH | 11/01/24 | $4.6 | $3.4 | $4.6 | $41.50 | $45.9K | 6 | 100 |
| CPRI | CALL | SWEEP | BULLISH | 12/20/24 | $9.8 | $9.3 | $9.8 | $40.00 | $45.0K | 823 | 83 |
| CPRI | CALL | TRADE | NEUTRAL | 11/01/24 | $5.0 | $1.45 | $3.5 | $45.00 | $35.0K | 245 | 0 |
| CPRI | CALL | SWEEP | BULLISH | 12/20/24 | $10.0 | $9.0 | $10.0 | $40.00 | $31.0K | 823 | 31 |
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.
After a thorough review of the options trading surrounding Capri Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Capri Holdings
- Currently trading with a volume of 858,402, the CPRI's price is down by -0.5%, now at $41.6.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 14 days.
What Analysts Are Saying About Capri Holdings
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $42.0.
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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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