Bearish flow noted in Capri Holdings with 1,186 puts trading, or 1.5x expected. Most active are Dec-23 50 puts and Nov-23 50 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 3.66, while ATM IV is up over 2 points on the day. Earnings are expected on November 9th.
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