Deep-pocketed investors have adopted a bearish approach towards Credo Technology Group CRDO, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CRDO usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Credo Technology Group. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 50% bearish. Among these notable options, 6 are puts, totaling $267,677, and 4 are calls, amounting to $180,690.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $25.0 to $60.0 for Credo Technology Group over the recent three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Credo Technology Group's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Credo Technology Group's significant trades, within a strike price range of $25.0 to $60.0, over the past month.
Credo Technology Group Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CRDO | CALL | TRADE | BULLISH | 08/15/25 | $18.7 | $17.2 | $18.23 | $25.00 | $91.1K | 83 | 50 |
| CRDO | PUT | SWEEP | BEARISH | 03/21/25 | $9.4 | $9.0 | $9.03 | $50.00 | $78.3K | 2.3K | 205 |
| CRDO | PUT | TRADE | NEUTRAL | 03/21/25 | $9.3 | $8.7 | $9.0 | $50.00 | $54.0K | 2.3K | 62 |
| CRDO | CALL | TRADE | BULLISH | 01/15/27 | $20.5 | $19.7 | $20.5 | $35.00 | $36.9K | 33 | 0 |
| CRDO | PUT | TRADE | BEARISH | 03/21/25 | $9.0 | $7.5 | $9.0 | $50.00 | $36.0K | 2.3K | 118 |
About Credo Technology Group
Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. It has a geographic presence in Hong Kong, the United States, Mainland China, Taiwan, and the Rest of the World.
Following our analysis of the options activities associated with Credo Technology Group, we pivot to a closer look at the company's own performance.
Current Position of Credo Technology Group
- With a volume of 3,029,580, the price of CRDO is down -10.68% at $41.74.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 83 days.
Professional Analyst Ratings for Credo Technology Group
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $71.67.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Credo Technology Group, targeting a price of $75. * Maintaining their stance, an analyst from Susquehanna continues to hold a Neutral rating for Credo Technology Group, targeting a price of $60. * Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $80.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Credo Technology Group options trades with real-time alerts from Benzinga Pro.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
