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Hawk’s Nest

Fashion Retailer Sees Bullish Call Spread Buyer Look for Rebound

by | Sep 28, 2022

Capri (CPRI) buyer 1000 November $42.5/$47.5 call spreads for $1.50 today as the stock tries to bounce off double bottom support near 38.50 this week and very oversold from its 21 EMA up near 44 so buying a call spread is an optimal way to play for a risk defined rebound higher.  The stock started the month up near 50 so a name that can snapback higher on a market rally as the calendar flips to October.