Investors with a lot of money to spend have taken a bullish stance on Crocs CROX.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CROX, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Crocs.
This isn't normal.
The overall sentiment of these big-money traders is split between 62% bullish and 37%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $72,450, and 7, calls, for a total amount of $866,270.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $82.5 and $135.0 for Crocs, spanning the last three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Crocs's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Crocs's significant trades, within a strike price range of $82.5 to $135.0, over the past month.
Crocs 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CROX | CALL | TRADE | BULLISH | 06/21/24 | $82.50 | $246.4K | 58 | 0 |
| CROX | CALL | TRADE | NEUTRAL | 06/21/24 | $105.00 | $151.2K | 2.9K | 50 |
| CROX | CALL | TRADE | BULLISH | 06/21/24 | $95.00 | $113.0K | 2.2K | 30 |
| CROX | CALL | TRADE | BEARISH | 01/17/25 | $100.00 | $100.7K | 638 | 1 |
| CROX | CALL | SWEEP | BEARISH | 04/19/24 | $115.00 | $92.8K | 157 | 51 |
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.
After a thorough review of the options trading surrounding Crocs, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Crocs's Current Market Status
- With a volume of 506,637, the price of CROX is down -0.78% at $128.94.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 37 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Crocs, Benzinga Pro gives you real-time options trades alerts.
© 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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