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1,500 Put Spreads Trade in Capri Holdings Limited (Symbol: CPRI)

OptionWatch:

1,500 Put Spreads Trade in Capri Holdings Limited (Symbol: CPRI)

Posted April 12, 2023
Jeff Praissman
Interactive Brokers

1,500 April 21 ’23 35/45 vertical put spreads in Capri Holdings Limited (Symbol: CPRI) traded this morning. The buyer of the spread is taking a bullish outlook on CPRI while the seller is bearish. Overall, the spread is a 65 delta, so it is the equivalent of 97,500 shares of stock.

CPRI has a 52-week high of $69.23 and a 52-week low of $36.91 and is currently trading close to the 2023 YTD low.

CPRI has a 52-week high of $69.23 and a 52-week low of $36.91 and is currently trading close to the 2023 YTD low.
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The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Interactive Brokers, its affiliates, or its employees.

Disclosure: Options Trading

Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the "Characteristics and Risks of Standardized Options" also known as the options disclosure document (ODD) or visit ibkr.com/occ

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