Severe Volume Spike: CROCS (CROX)

Posted in General, Options 
May 4th, 2009

CROCS Inc. (NASDAQ: CROX) is seeing its shares run very hard.  This was one of the brands which was at risk of dying, but trader chat rooms and day traders keep running this one up today and we now have seen almost a 300% rally from its absolute lows.  At 4.65 million shares as of 11:46 AM EST, this is already almost triple average on trading volume at a point were only half of the day is being wound down.  Shares are up a sharp 38% at $3.17 as of that time.  We are even seeing almost 10,000 contracts having traded in the MAY and JUNE CALL OPTIONS, which is representative of another 1 million shares on a fully leveraged basis.-JON OGG

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