Shares of Crocs, Inc. (CROX) are up .04 to 15.25 today. CROX is near the middle of the 52-week range.
Today paper traded 748 and 731 CROX Feb 15 puts and calls at .40 and .60.? ADV is 3007 contracts.? The OI is over 5000 contracts on both strikes.
The volume went up in two large blocks hitting the bid.? The trades are part of 3000+ contracts on both strikes and with the high OI they look like closing straddle sales before earnings.? With the IV getting compressed before earnings come out it look like a trader is lightening up the positions.? Earnings are on the close today.
30-day implied volatility is 48%.? ?10-day implied volatility is 22%.? 30-day implied volatility is trading above the 10-day historical
Crocs, Inc is a designer, manufacturer and distributor of footwear and accessories for men, women and children.?