CROX Options On The Move Once Again

Discussion in 'Stocks' started by Sbelmont, Jul 9, 2008.


    Unusual Options Activity Alert: Crocs Inc (CROX)

    Posted on 7/8/2008 in Trading & Technology
    by Frederic Ruffy

    Crocs Inc CROX 7.56 +9.41%
    A large surge of bullish option flow was seen in this shoe maker this morning. From its recent 52 week low of $6.77, the stock is trading higher with more than 32,000 calls trading by noon today, compared to just 3,025 puts. This places the stock well beyond its triple average daily volume.

    The focus of the action is September 7 calls, where more than 27,000 contracts have traded, from $1.10 to $1.75 as the stock has lifted. Implied volatility of the contract is up 15 points to 112%, 80% of the volume has traded on the offer. ISE data confirms majority of the flow is an opening customer. This activity will create a significant block of open interest position in the name, a favorite among short-sellers with earnings expected end of July...

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