Thursday, June 23, 2011

Momentum Trading $CROX?

[guest post by TS]

Somebody-perhaps several somebody's-is/are expecting $CROX to hit 26 by July - they bought 500 $26 Calls at .55 - if it hits $26, they'll triple their money.

Before I could join the party, the contracts went up $.05... The July $25's have also just seen a bunch of activity.

Does this action qualify $CROX as a momo play?

..TS.

[Editors Note: as of market close on July 6th, the July 11 $26 call's are up 185%, closing with a bid of $1.70...the referenced traders on June 23rd have now slightly more than tripled their money.  CROX underlying closed today at $27.62.]
[2011-07-12: and right back down:
| 26.00 || CROX110716C00026000 || 0.70 || Down || 0.01 || 0.55 || 0.65 || 74 3,766 | ]

1 comment:

  1. interesting, the shoe pictured seems to be a knock-off, coming from an indeterminate site called www.incrocs.com... nice knock-off, tho!

    ..TS.

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