Crocs Unusual Options Activity

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 50% bullish and 50%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $37,450, and 7, calls, for a total amount of $780,700.

Latest Startup Investment Opportunities:

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $185.0 for Crocs over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Crocs's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Crocs's whale trades within a strike price range from $80.0 to $185.0 in the last 30 days.

Crocs 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

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.

Following our analysis of the options activities associated with Crocs, we pivot to a closer look at the company's own performance.

Present Market Standing of Crocs

• Trading volume stands at 1,089,461, with CROX's price up by 0.44%, positioned at $141.62.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 34 days.

What The Experts Say On Crocs

2 market experts have recently issued ratings for this stock, with a consensus target price of $149.5.

• Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Crocs, targeting a price of $150.
• Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Crocs with a target price of $149.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Crocs with Benzinga Pro for real-time alerts.