Bearish flow noted in Tapestry (TPR) with 2,698 puts trading, or 1.6x expected. Most active are 3/7 weekly 82 puts and 3/7 weekly 81 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 3.64, while ATM IV is up over 2 points on the day. Earnings are expected on May 8th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TPR:
- Tapestry price target raised to $100 from $93 at Baird
- Tapestry’s Strategic Shift: Hold Rating Amid Stuart Weitzman Sale and Market Position Analysis
- Strategic Sales and Capital Returns: Tapestry’s Path to Enhanced Performance
- Tapestry Sells Stuart Weitzman Brand to Caleres
- Caleres to acquire Stuart Weitzman from Tapestry for $105M