Freaking CROX Is Plummeting As Options Traders Bail Out

Discussion in 'Wall St. News' started by archon, Nov 5, 2007.

  1. archon


    Highly volatile apparel maker Crocs sold off from $75 to $48 after last week’s earnings release showed surprising levels of unsold inventory and receivables. Today’s trading is running at 6 times the normal pace of 39,000 contracts, as the stock is off another 7% to $44. Options trading shows a bearish bias as flow is dominated by call sellers hitting November 45, 50, and 55 strikes...
  2. Croxx sucks. Thier stock sucks, their ugly plastic foam shoes suck.