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Capri Holdings call volume above normal and directionally bullish

Bullish option flow detected in Capri Holdings (CPRI) with 12,929 calls trading, 1.7x expected, and implied vol increasing over 3 points to 118.98%. Apr-25 16 calls and 5/2 weekly 9 puts are the most active options, with total volume in those strikes near 8,700 contracts. The Put/Call Ratio is 0.31. Earnings are expected on May 28th.

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