by Das Brain
Looking at the chart for CROX, it looks like the stock price is showing some weakness. This company which makes those famous crocs shoes has been on my watch list for the last 2 months.
The share price is declining for the second day in a row, falling from the top of around $93.58. It has already broken through the first support level of $91, and is currently trading around $89 dipping through the next support level of around $89.06. If it breaks through $89.06 on the downside, then it may head lower to $87.77, and then lower to $86.50. After that it goes down to just below $84.
When and if CROX stock price reaches between $84 and $87, that is when I think I will get in with some DITM CALL options. Most likely the CALL options I will buy will have a $80 strike price and expiring some time after August, the reason being that CROX will report their earnings on August 9th and it may be a strong quarter for them.
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