CROX update

We were assigned 600 shares of CROX at the price of 25 = $15,000. 
We keep the $540 credit from selling the 6 contracts Oct 25 put @ .90 and our cash balance is $2214.
We own 600 shares of CROX, which closed today @ 17.01 = $10,206, suffering loss of $4794.
Our account total today is $12,420, up $2420, which is +24% since Jan 1, 2011. 
Earnings announcement is on Oct 27, Wednesday, after market close. 
We might purchase more shares and/or sell covered calls on our 600 shares. 

CROX down 36% in after hours trading

Crocs, Inc.

(NasdaqGS: CROX )

After Hours: 17.11 -9.53 (-35.77%) 6:09PM EDT

Crocs, Inc. Revises Third Quarter 2011 Revenue and Earnings Guidance
Crocs, Inc. (CROX) today revised its revenue and earnings guidance for the third quarter ended September 30, 2011.
For the third quarter of 2011, the Company now expects revenue to be in the range of $273.0 to $275.0 million, an increase of approximately 27% over the $215.6 million of revenue reported in the third quarter last year. This compares to the Company’s previous guidance for third quarter 2011 revenue of $280.0 million. For the third quarter 2011, the Company now expects diluted earnings per share to be between $0.31 and $0.33 compared to its previous guidance of diluted earnings per share of $0.40.


CROX

Earnings Whisper ®:	N/A
Consensus Estimate:	$0.40
Surprise Expectation 1:
Release Date: [confirmed]	10/27/2011
After Close

From Yoda: 
I must say I'm surprised with Crocs 3rd quarter earnings and sales coming in at over 25% most probably, that the sell off is so great. It certainly has not dampen my enthusiasm. ...... plan to purchase more on the 27th depending on investors reaction.

From Skywalker:

Will monitor the price and adjust the naked puts position this week before expiration Friday. 
On Sept 27, sold 6 contracts CROX Oct 25 put @ .90 for credit $540