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Capri Holdings call volume above normal and directionally bullish

Bullish option flow detected in Capri Holdings (CPRI) with 15,620 calls trading, 3x expected, and implied vol increasing over 8 points to 55.83%. Mar-25 22.5 calls and 2/28 weekly 22 calls are the most active options, with total volume in those strikes near 6,000 contracts. The Put/Call Ratio is 0.17. Earnings are expected on May 28th.

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