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 9 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 22% leaning bullish and 66% bearish. Among these notable options, 3 are puts, totaling $153,000, and 6 are calls, amounting to $298,347.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $35.0 and $60.0 for Credo Technology Group, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Credo Technology Group’s options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Credo Technology Group’s whale activity within a strike price range from $35.0 to $60.0 in the last 30 days.
Credo Technology Group Option Activity Analysis: 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 | SWEEP | BEARISH | 05/16/25 | $12.2 | $11.9 | $11.9 | $35.00 | $119.0K | 144 | 100 |
| CRDO | PUT | TRADE | BEARISH | 08/15/25 | $18.5 | $18.3 | $18.5 | $60.00 | $99.9K | 157 | 54 |
| CRDO | CALL | SWEEP | BEARISH | 04/17/25 | $3.5 | $3.2 | $3.3 | $45.00 | $68.9K | 1.0K | 474 |
| CRDO | CALL | SWEEP | BULLISH | 08/15/25 | $8.1 | $7.9 | $8.1 | $50.00 | $32.4K | 249 | 68 |
| CRDO | PUT | TRADE | BEARISH | 08/15/25 | $18.5 | $18.2 | $18.4 | $60.00 | $27.6K | 157 | 69 |
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.
After a thorough review of the options trading surrounding Credo Technology Group, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Credo Technology Group
- With a volume of 3,079,593, the price of CRDO is down -9.02% at $44.74.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 63 days.
Expert Opinions on Credo Technology Group
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $68.75.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge’s Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
* In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $80.
* Showing optimism, an analyst from Susquehanna upgrades its rating to Positive with a revised price target of $60.
* An analyst from Susquehanna persists with their Neutral rating on Credo Technology Group, maintaining a target price of $60.
* 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.
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.
Momentum97.27
Growth88.98
Quality–
Value3.30
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