Far-Off Capri Put Options Suddenly in Play as Shares Plunge

(Bloomberg) — Capri Holdings Ltd. put options far below the market went from being almost worthless to a potential value greater than $2 million as shares plunged more than 50% in aftermarket trading after a judge blocked the bag maker’s proposed merger with Tapestry Inc.Most Read from BloombergBooming Cambridge Exposes England’s Widening Wealth GapRobotaxis Are No Friend of Public TransportationOman Sees an Urban Future Distinct From Dubai and Abu DhabiClimate Change Is Killing Buildings in Sl

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Yahoo! Finance: CPRI News

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