Ophir Gottlieb | Jan 27, 2013 01:19AM ET
Crocs, Inc (CROX) is a designer, manufacturer and distributor of footwear and accessories for men, women and children. As of December 31, 2011, it sold its products in more than 90 countries through domestic and international retailers and distributors and directly to end-user consumers through its company-operated retail stores, outlets, kiosks and Webstores.
I found this stock using a real-time custom scan. This one hunts for depressed vols, and CROX has in fact hit a multi-year low in IV30™ with earnings due out in the Mar expiry.
Custom Scan Details
Stock Price GTE $5
IV30™ GTE 20
IV30™ Percentile LTE 10
Average Option Volume GTE 1,200
The goal with this scan is to identify short-term implied vol (IV30™) that is depressed to its own annual history (at most in the 10th percentile). I'm also looking for a reasonable amount of liquidity in the options (thus the minimum average option volume), and I want a minimum vol level so I don't pick up any boring ETF’s (or whatever). The stock price requirement helps me identify names that have enough strike prices to trade or spread.
The six-month CROX Charts Tab is included (below). The top portion is the stock price the bottom is the vol (IV30™ - red vs HV20™ - blue vs HV180™ - pink).
But this is a vol note, so I have included the two-year IV30™ chart in isolation, below.
Finally, let's look to the Options Tab (below).
Disclosure: This is trade analysis, not a recommendation.
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