Schaeffer's Trading Floor Blog
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Momentum names that made notable moves on Thursday and could continue to do so into Friday's session include coffee expert Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), oil and gas company Goodrich Petroleum Corporation (NYSE:GDP), and footwear concern Crocs, Inc. (NASDAQ:CROX). Here is a quick look at these stocks ahead of tomorrow's opening bell.

Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR)

Green Mountain Coffee bolted past the round-number $100 mark on Feb. 6, following its fiscal first-quarter earnings report and deal with The Coca-Cola Company (NYSE:KO), and hasn't looked back since. In fact, the stock refuses to slow its pace, running to a record peak of $124.42 earlier today. And, after closing the session with a 4.9% lead at $123.74, the shares are perched more than 54% above their Feb. 5 closing price of $80.88. Stepping back, GMCR has been a technical powerhouse for quite some time, up roughly 179% on a year-over-year basis. Still, short interest accounts for a lofty 25.8% of the equity's available float, representing more than three weeks' worth of pent-up buying demand, at the stock's average daily volume. Should a short-squeeze scenario occur, the shares may end up receiving an additional boost on the charts.

Goodrich Petroleum Corporation (NYSE:GDP)

Goodrich is sitting near annual-low territory, after plunging 19.7% today to close at $12.28. The stock's technical beating followed the company's announcement of a greater-than-expected loss in the fourth quarter. Subsequently, GDP found itself on the short-sale restricted list, causing total options volume to spike to nearly nine times the average daily amount. Options expiring within the next four-plus weeks were of particular interest today, as these contracts accounted for nine of the 10 most active options of the day.

Crocs, Inc. (NASDAQ:CROX)

Crocs' fourth-quarter loss, meanwhile, was slimmer than analysts projected, causing the shares to surge 5.1% today to finish at $15.81. Options players responded enthusiastically to CROX's quarterly report, snatching up almost three times the expected number of contracts. Calls emerged as the options of choice today, which is nothing new for the equity. Over the past 20 sessions, the stock has racked up an International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 3.20, demonstrating more than three calls have been bought to open for every put recently.


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