• 
• See all for optionMONSTER
• View Print Version

• Futures turn green with Europe, Asia
• Call sellers are looking for Crocs to pause
• Bulls hoping Crocs will be a good fit

• CROX 83% Rate It

Crocs reports earnings results Thursday afternoon, and the bulls are looking for a pop.

optionMONSTER's Heat Seeker tracking system detected the purchase of about 4,000 May 21 calls for $1.08 and the sale of an equal number of May 21 calls for about the same price. Volume was more than twice open interest in both strikes.

The trade resulted in a net cost of about zero and will simulate owning shares in the producer of molded-resin footwear, generating leveraged profits to the upside and quick losses if it falls.

CROX rose 2.99 percent to $21.01 yesterday. It more than tripled in 2010, then entered a period of consolidation during which it made higher lows while staying trapped around $19. It broke free of that pattern, known as a bullish triangle, last week.

The company has benefited from a rebound in popularity and strong overseas growth, and the stock has been squeezed higher against significant short interest. The last earnings report on Feb. 24 beat consensus and first-quarter guidance was above forecasts.

Yesterday's option trade in CROX pushed total options volume in the name to 7 times greater than average, according to the Heat Seeker.

Related Options Articles

• 
  Huge bullish trades in sector funds
  5/23/2013 05:25 AM
• 
  Cree lights up with large call spread
  5/23/2013 05:24 AM
• 
  Bulls want to fly higher with Expedia
  5/23/2013 04:24 AM