Short-Term Traders Bet on Crocs (CROX)

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.