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Looking at Crocs’s Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bearish stance on Crocs.

Looking at options history for Crocs (NASDAQ:CROX) we detected 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $90,210 and 9, calls, for a total amount of $414,348.

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $75.0 to $140.0 for Crocs over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Crocs options trades today is 465.44 with a total volume of 639.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Crocs’s big money trades within a strike price range of $75.0 to $140.0 over the last 30 days.

Crocs Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol
PUT/CALL
Trade Type
Sentiment
Exp. Date
Strike Price
Total Trade Price
Open Interest
Volume
CROX
CALL
TRADE
BEARISH
01/21/22
$120.00
$83.0K
1.4K
70
CROX
CALL
TRADE
BULLISH
01/21/22
$120.00
$76.0K
1.4K
136
CROX
CALL
TRADE
BULLISH
01/20/23
$95.00
$50.7K
58
10
CROX
PUT
TRADE
BEARISH
06/17/22
$100.00
$48.6K
296
60
CROX
CALL
TRADE
BULLISH
03/18/22
$75.00
$44.8K
17
0

Where Is Crocs Standing Right Now?

With a volume of 1,665,007, the price of CROX is up 0.77% at $128.81.
RSI indicators hint that the underlying stock may be approaching oversold.
Next earnings are expected to be released in 56 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.

Original Post: benzinga.com

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