The chart shows KORS is in a downtrend despite blow out earnings last week. Note the gaps, they tend to get fully filled as time progresses.
This post is just for educational purposes only.
I may initiate a put position within the following week.
Update:I shorted it and held for a day. I made 12% profit using put options. In my opinion this was a bad trade because the unlocking of shares was already priced in. I preformed this trade with the 1 minute chart where I had support and resistance mapped out. I noticed it was getting bad so I exited. Options can be tricky if you are new to options check out my post Why Stock Options Are Bad.