Bearish flow noted in Capri Holdings (CPRI) with 4,007 puts trading, or 1.7x expected. Most active are 6/27 weekly 11.5 puts and 6/27 weekly 13.5 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 1.97, while ATM IV is up over 4 points on the day. Earnings are expected on May 28th.
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