Capri Holdings call volume above normal and directionally bullish

Bullish option flow detected in Capri Holdings with 3,670 calls trading, 3x expected, and implied vol increasing almost 6 points to 27.83%. Jun-24 55 calls and Feb-24 45 puts are the most active options, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 0.48. Earnings are expected on February 8th.