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Capri Holdings call volume above normal and directionally bullish

Bullish option flow detected in Capri Holdings (CPRI) with 3,688 calls trading, 2x expected, and implied vol increasing almost 10 points to 51.91%. Jun-25 17.5 calls and 6/27 weekly 17.5 calls are the most active options, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 0.39. Earnings are expected on August 7th.

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