Traders Looking For Crocs To Rally Next Week (CROX)

Shares of Crocs Inc.

are lower on the session by 0.95%, currently trading at $11.52. The stock has been moving largely higher over the past six months, though fell sharply yesterday on the back of some negative commentary on Sketchers

. Options traders are betting the stock rebounds next week. The September $11.00 and $12.00 calls were purchased, on the offer, a short while ago; both strikes traded just over 1,000 contracts, which did not exceed open interest on either strike. CROX reaffirmed its Q3 guidance this morning as well of $0.22 to $0.24 per shares on $205 million in revenue. Crocs, Inc. is a designer, manufacturer, distributor, worldwide marketer and brand manager of footwear for men, women, and children. The Company designs and sells an offering of footwear, apparel, gear and accessories that utilize its closed cell-resin, called Croslite. The Crocs footwear products are divided into four categories: Core, Active, Casual and Style. For more great research like this, as well as how to play it through options…please visit

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