CROX expected to double by Jan:
By David Russell, a reporter at OptionMonster.
Stock and options trading turned bullish on Crocs(CROX Quote), with some investors betting the shares will double by January.
Volume in the January 7.50 calls surged to 4,671 against open interest of 1,367 contracts earlier in the day, according to OptionMonster's monitoring systems. The calls traded for $0.35 to $0.45, with purchases dominating the activity.
Crocs' stock jumped almost 20% before a scheduled presentation at the Piper Jaffray 29th Annual Consumer Conference to be held today. The shares have since settled back to $3.48, still up 7%.
Call volume exceeded puts in Crocs by more than 10 to 1, reflecting the bullish sentiment. The stock has tripled so far this year.
