Crocs (NASDAQ: CROX) pre-announced disappointing Q1 results and lowered Q2 revenue guidance growth guidance on April 14.
CROX is expected to announce full Q1 EPS on May 7. CROX closed at $10.11 Monday, near record low.
CROX May 10 straddle is priced at $1.50, June 10 straddle is at $2.50. CROX over all option implied volatility of 86 is above its 26-week average of 82 according to Track Data, suggesting larger price movement.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com










