High-rolling investors have positioned themselves bullish on Crocs CROX, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CROX often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Crocs. This is not a typical pattern.
The sentiment among these major traders is split, with 66% bullish and 33% bearish. Among all the options we identified, there was one put, amounting to $25,000, and 8 calls, totaling $1,558,470.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $115.0 to $145.0 for Crocs over the recent three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Crocs's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Crocs's substantial trades, within a strike price spectrum from $115.0 to $145.0 over the preceding 30 days.
Crocs Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CROX | CALL | TRADE | BULLISH | 05/17/24 | $130.00 | $1.0M | 3 | 1.1K |
| CROX | CALL | SWEEP | BULLISH | 04/19/24 | $130.00 | $240.7K | 784 | 939 |
| CROX | CALL | SWEEP | BULLISH | 04/19/24 | $130.00 | $144.5K | 784 | 297 |
| CROX | CALL | SWEEP | BEARISH | 04/19/24 | $120.00 | $32.4K | 527 | 35 |
| CROX | CALL | SWEEP | BULLISH | 09/20/24 | $145.00 | $32.1K | 240 | 0 |
About Crocs
Crocs Inc is engaged in the design, development, marketing, distribution, and sale of casual lifestyle footwear accessories for men, women, and children. The reportable geographic segments of the company include the Americas, Asia Pacific, and EMEA.
Where Is Crocs Standing Right Now?
- Trading volume stands at 570,773, with CROX's price up by 0.17%, positioned at $126.2.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 41 days.
Expert Opinions on Crocs
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $130.0.
- An analyst from Piper Sandler has decided to maintain their Overweight rating on Crocs, which currently sits at a price target of $140.
- Consistent in their evaluation, an analyst from Raymond James keeps a Strong Buy rating on Crocs with a target price of $145.
- An analyst from Stifel has decided to maintain their Buy rating on Crocs, which currently sits at a price target of $140.
- An analyst from B. Riley Securities persists with their Neutral rating on Crocs, maintaining a target price of $95.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Crocs options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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