Cryptic crossword clue
Took stock of red light 7

The most common and most likely answer to this crossword clue is the 7 letter word RUSTLED

I've seen this crossword clue in Financial Times
R
U
S
T
L
E
D

Buddy explains!

The straight part
We know that "Took stock" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case took stock = rustled.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does RUSTLED mean?

RUSTLED verb
  1. To move (something) with a soft crackling sound.
  2. To make or obtain in a lively, energetic way.
  3. To steal (cattle or other livestock).

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