Croc Sentiment: Today, It's Bullish

Stock and options trading has turned bullish on Crocs today, with some investors betting the shares will double by January.

Volume in the January 7.50 calls surged to 3,342 against open interest of 1,367 contracts, according to optionMONSTER’s Heat Seeker monitoring system. The calls traded for $0.40 to $0.45, with purchases dominating the activity.

CROX leapt nearly 17 percent higher to $3.80 on no apparent news, though the company is scheduled to make a presentation at the Piper Jaffray 29th Annual Consumer Conference at 12:30 p.m. ET today.

Call volume exceeded puts in CROX by more than 10 to 1, reflecting the bullish sentiment. The stock has more than tripled so far this year.

(Chart courtesy of tradeMONSTER)

Comments

[notsosmart:]

lotta croc!

Jun 11 07:43 PM