Shares of Crocs Inc. CROX are higher on the session by 3.59%, currently trading $10.67. The stock has been a relative outperformer as of late and has managed to hold the 50-day moving average. The stock also looks like it wants to break to new highs above $11.
Options traders are buying calls on the name today with the June $11 call purchased 3,500 times; open interest on the strike is 2,078 contracts, indicating that today’s trading is probably fresh, bull positioning.
Call volume is running at 2.12x the daily average with 70% of all calls traded being purchases on the offer.
Crocs, Inc. is a designer, manufacturer, distributor, worldwide marketer and brand manager of footwear for men, women, and children.
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