Ticker Options Intelligence

CRDO options intelligence

Credo Technology Group Holding Ltd options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 45 Market data through 31 Jul 2026 Checked 1 Aug 2026 07:13 · complete available chain

Options-market disagreement

Mixed pressure

CRDO currently carries mixed options pressure with a 45/100 conviction score. The nearest-chain expected move is 12.4%, with volume/open-interest participation at 0.09.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Compare Chart Weekly report
Primary read Mixed

Options-market disagreement

Expected move 12.4%

Wider near-term move priced

Activity / OI 0.09

Current volume is quieter versus prior open interest

Put-call 1.05

Balanced tape

Trend fit 97

Options agree with trend context

Weekly backdrop -2.9%

RS 19.8

Expected move 12.4%
Put-call volume 1.05
Volume / OI 0.09
Reference IV 1.12
Max pain 205.00
Underlying 213.15
Nearest expiry 7 Aug 2026
Contracts 1954

Research Brief

CRDO has a mixed chain read with 45/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 186.80–239.50; The largest call open-interest concentration is 260.00; the largest put concentration is 155.00. The most active strike by current volume is 200.00.

Priced range186.80–239.50
Call concentration260.00
Put concentration155.00
Max pain reference205.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 7 Aug

Options imply 186.80 to 239.50. Max pain at 205.00 sits inside that range, 3.8% below spot.

Spot Max pain
186.80213.15 ± 26.35239.50
Confirmation level

A close beyond 239.50 or below 186.80 at the 7 Aug expiry would exceed the move currently priced by this chain.

Important limitation

The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.

Score Construction

Why conviction is 45/100

Evidence alignment, not probability

Pressure is 1/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure1 × 42%
+0.6

How strongly activity leans toward calls or puts.

Participation42 × 22%
+9.3

Volume relative to existing open interest and contract-level activity.

Trend agreement97 × 26%
+25.2

How closely the chain read agrees with the underlying trend backdrop.

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score44.6Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 260.00; the largest put concentration is 155.00. The most active strike by current volume is 200.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
409
140.00-34.3%
13
289
145.00-32.0%
137
512
150.00-29.6%
7
826
155.00-27.3%
1
365
160.00-24.9%
3
494
170.00-20.2%
0
413
180.00-15.6%
16
150
190.00-10.9%
263
295
200.00-6.2%
143
196
210.00-1.5%
155
129
215.000.9%
74
81
220.003.2%
252
67
230.007.9%
236
43
235.0010.3%
239
26
240.0012.6%
399
61
250.0017.3%
220
13
260.0022.0%
654
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

1.06× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

1.12 7 Aug 7d
1.11 14 Aug 14d
1.10 21 Aug 21d
1.12 28 Aug 28d
1.19 4 Sep 35d
1.17 11 Sep 42d
1.16 18 Sep 49d
1.12 16 Oct 77d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

173
178
180
185
190
193
198
203
205
210
213
218
223
225
230
235
238
243
248
250
255
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

Forward validation is building. The earliest eligible stored read expires 31 Jul 2026; its result will appear after the matched closing reference is stored.

Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
  • Versioned calculationv2 observations only
  • Independent entryone read per market session
  • Point-in-time referencerequired at entry
  • Matched expiry closereported only after maturity

Only v2 snapshots with a point-in-time market reference are eligible. Each observation uses one read per market session and the first weekly close on or immediately after expiry. It is an evidence audit, not an executable strategy or evidence of future performance.

Evidence Quality

High

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
1954 / 1954
  • No material coverage gap was detected in the retained chain.

Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.

Options Intent Radar

Multi-expiry position-maintenance candidate

77/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $23.3M of estimated gross traded notional, calls · 0-7 days · itm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-1
1W price-2.9%
Call premium63%
Put premium37%
Notional split C 63% / P 37% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.09 Volume divided by open interest across the visible chain.
Trend fit 97/100 Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction. Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Conviction clusters Calls · 0-7 days · ITM
Calls · 0-7 days · ITM calls cluster with 1021 contracts traded, $3.1M estimated gross traded notional, and 13% of visible notional.
$3.1M
Calls · 46-90 days · OTM calls cluster with 1065 contracts traded, $2.4M estimated gross traded notional, and 10% of visible notional.
$2.4M
Puts · 8-21 days · OTM puts cluster with 4209 contracts traded, $2.4M estimated gross traded notional, and 10% of visible notional.
$2.4M
Calls · 91+ days · ITM calls cluster with 273 contracts traded, $2.2M estimated gross traded notional, and 10% of visible notional.
$2.2M
Calls · 91+ days · OTM calls cluster with 457 contracts traded, $1.8M estimated gross traded notional, and 8% of visible notional.
$1.8M

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Activity Anomaly

Warming up

-

3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 3 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close206.99
1W-2.9%
RS19.8
Fair value+160.4%
Options pressure-1
Speculation42
Volatility96
Trend fit97

Today Versus Normal

Stored-options context

View history
Expected move 12.4% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.12 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 1.05 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.09 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:11 Volatility
Pressure 18
Move 12.4%
30 Jul 10:06 Volatility
Pressure 5
Move 16.3%
31 Jul 08:26 Volatility
Pressure 20
Move 7.1%
1 Aug 02:06 Mixed
Pressure 14
Move 3.2%
1 Aug 06:13 Mixed
Pressure -1
Move 12.4%

Strike Map

Where activity is clustering

Full strike map
Strike110.00
Calls · V 0 · OI 0
Puts · V 1 · OI 0
Strike115.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike120.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike123.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike124.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike125.00
Calls · V 7 · OI 0
Puts · V 22 · OI 0
Strike126.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike127.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry7 Aug 2026
Contracts214
Avg IV1.12
Put-call0.59
Expiry14 Aug 2026
Contracts200
Avg IV1.11
Put-call1.47
Expiry21 Aug 2026
Contracts158
Avg IV1.10
Put-call3.84
Expiry28 Aug 2026
Contracts108
Avg IV1.12
Put-call1.11
Expiry4 Sep 2026
Contracts98
Avg IV1.19
Put-call1.28

Skew

Call/put IV balance

OTM demand
7 Aug 2026Put IV premium
Call IV1.08
Put IV1.16
Skew0.08
14 Aug 2026Balanced skew
Call IV1.11
Put IV1.12
Skew0.01
21 Aug 2026Balanced skew
Call IV1.13
Put IV1.12
Skew-0.01
28 Aug 2026Balanced skew
Call IV1.18
Put IV1.20
Skew0.02
4 Sep 2026Balanced skew
Call IV1.15
Put IV1.17
Skew0.02

Contract Tape

Most active contracts

Full contract tape
ContractCRDO260821P00160000
SidePut
Expiry21 Aug 2026
Strike160.00
Volume2011
OI552
IV1.16
ContractCRDO260821P00172500
SidePut
Expiry21 Aug 2026
Strike172.50
Volume622
OI34
IV1.14
ContractCRDO260807C00200000
SideCall
Expiry7 Aug 2026
Strike200.00
Volume566
OI143
IV1.29
ContractCRDO260821P00145000
SidePut
Expiry21 Aug 2026
Strike145.00
Volume488
OI191
IV1.19
ContractCRDO260807P00140000
SidePut
Expiry7 Aug 2026
Strike140.00
Volume477
OI409
IV1.43
ContractCRDO260807C00220000
SideCall
Expiry7 Aug 2026
Strike220.00
Volume401
OI252
IV1.15
ContractCRDO260807P00180000
SidePut
Expiry7 Aug 2026
Strike180.00
Volume353
OI413
IV1.18
ContractCRDO260807C00240000
SideCall
Expiry7 Aug 2026
Strike240.00
Volume340
OI399
IV1.15

Research Graph

Related research and context

Ticker deep links

Market Watch

Credo Technology Group Holding Ltd (CRDO) loses a fifth as four-week slide deepens21 Jul 2026 15:29 Credo Technology Group Holding Ltd (CRDO) keeps weekly trend active as turnover thins14 Jul 2026 20:40 Credo Technology Group Holding Ltd (CRDO) drops 12.4% in weekly chip-stock reset29 Jun 2026 18:25 Credo Technology Group Holding Ltd (CRDO) twelve-week surge reaches 185.4%25 Jun 2026 14:00 Credo Technology Group Holding Ltd (CRDO) shows mixed confirmation after 185.4% twelve-week surge24 Jun 2026 16:16 Credo Technology Group Holding Ltd (CRDO) extends 12-week surge to 185.4%23 Jun 2026 13:00