Investors with a lot of money to spend have taken a bullish stance on Capri Holdings CPRI.
And retail traders should know.
We noticed this today when the positions 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.
Today, Benzinga's options scanner spotted 10 options trades for Capri Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 40%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $42,665, and 9, calls, for a total amount of $652,405.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $17.5 to $25.0 for Capri Holdings over the recent three 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 $17.5 to $25.0 in the last 30 days.
Capri Holdings Call and Put Volume: 30-Day Overview
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 | BULLISH | 12/27/24 | $1.0 | $0.85 | $0.95 | $22.50 | $190.0K | 58 | 2.0K |
| CPRI | CALL | SWEEP | BULLISH | 12/20/24 | $1.4 | $1.25 | $1.25 | $21.50 | $136.2K | 3.2K | 2.8K |
| CPRI | CALL | SWEEP | BULLISH | 12/20/24 | $1.0 | $1.0 | $1.0 | $21.50 | $94.7K | 3.2K | 1.2K |
| CPRI | CALL | TRADE | BEARISH | 04/17/25 | $3.2 | $3.0 | $3.03 | $22.50 | $75.7K | 3.2K | 250 |
| CPRI | CALL | SWEEP | BULLISH | 01/16/26 | $4.8 | $4.6 | $4.79 | $25.00 | $47.4K | 240 | 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.
Present Market Standing of Capri Holdings
- With a trading volume of 2,836,563, the price of CPRI is up by 7.54%, reaching $22.97.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 52 days from now.
Professional Analyst Ratings for Capri Holdings
In the last month, 2 experts released ratings on this stock with an average target price of $25.5.
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. * In a positive move, an analyst from Guggenheim has upgraded their rating to Buy and adjusted the price target to $30. * In a cautious move, an analyst from Barclays downgraded its rating to Equal-Weight, setting a price target of $21.
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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