What the Options Market Tells Us About Crocs

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 trades 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.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 10 uncommon 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 special options we uncovered, 3 are puts, for a total amount of $143,987, and 7 are calls, for a total amount of $488,864.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $75.0 to $130.0 for Crocs over the recent three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Crocs stands at 642.0, with a total volume reaching 3,963.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Crocs, situated within the strike price corridor from $75.0 to $130.0, throughout the last 30 days.

Crocs 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CROX CALL TRADE BULLISH 01/12/24 $90.00 $133.6K 683 1.4K
CROX CALL SWEEP BULLISH 03/15/24 $100.00 $91.7K 280 303
CROX CALL TRADE BEARISH 01/17/25 $90.00 $87.1K 309 12
CROX PUT SWEEP BEARISH 01/19/24 $85.00 $69.5K 2.2K 378
CROX CALL SWEEP BULLISH 03/15/24 $90.00 $57.9K 329 10

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 Americas, Asia pacific, and EMEA.

In light of the recent options history for Crocs, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Crocs

  • Trading volume stands at 1,054,902, with CROX's price down by -0.31%, positioned at $89.5.
  • RSI indicators show the stock to be may be oversold.
  • Earnings announcement expected in 41 days.

What The Experts Say On Crocs

2 market experts have recently issued ratings for this stock, with a consensus target price of $130.0.

  • Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Crocs, targeting a price of $132.
  • An analyst from B of A Securities has revised its rating downward to Buy, adjusting the price target to $128.

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.

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CROXCrocs Inc
$103.13-0.49%

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