<p>Investors with a lot of money to spend have taken a bearish stance on <strong>Credo Technology Group</strong> (NASDAQ:CRDO).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CRDO, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, Benzinga's options scanner spotted 45 uncommon options trades for Credo Technology Group.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 33% bullish and 46%, bearish.</p>
<p>Out of all of the special options we uncovered, 16 are puts, for a total amount of $1,053,014, and 29 are calls, for a total amount of $2,358,668.</p>
<h3>What's The Price Target?</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $320.0 for Credo Technology Group over the recent three months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In terms of liquidity and interest, the mean open interest for Credo Technology Group options trades today is 415.48 with a total volume of 4,283.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Credo Technology Group's big money trades within a strike price range of $15.0 to $320.0 over the last 30 days.</p>
<h3>Credo Technology Group Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1770051652_0.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Options Call Chart" original-src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1770051652_0.png"/></p>

<h3>Largest Options Trades Observed:</h3>
<p></p><table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th align="right"><strong>Open Interest</strong></th>
<th align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CRDO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/20/26</td>
<td>$29.3</td>
<td>$28.0</td>
<td>$29.3</td>
<td>$100.00</td>
<td>$293.0K</td>
<td align="right">627</td>
<td align="right">100</td>
</tr>
<tr>
<td>CRDO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/20/26</td>
<td>$29.0</td>
<td>$28.0</td>
<td>$29.0</td>
<td>$100.00</td>
<td>$290.0K</td>
<td align="right">627</td>
<td align="right">200</td>
</tr>
<tr>
<td>CRDO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/26</td>
<td>$13.2</td>
<td>$13.1</td>
<td>$13.2</td>
<td>$110.00</td>
<td>$254.7K</td>
<td align="right">5</td>
<td align="right">535</td>
</tr>
<tr>
<td>CRDO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$109.5</td>
<td>$107.4</td>
<td>$107.35</td>
<td>$15.00</td>
<td>$246.9K</td>
<td align="right">559</td>
<td align="right">23</td>
</tr>
<tr>
<td>CRDO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$28.9</td>
<td>$28.0</td>
<td>$28.9</td>
<td>$100.00</td>
<td>$239.8K</td>
<td align="right">627</td>
<td align="right">300</td>
</tr>
</tbody>
</table><p></p>
<h3>About Credo Technology Group</h3>
<p>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.</p>
<p>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.</p>
<h3>Current Position of Credo Technology Group</h3>
<ul>
<li>Currently trading with a volume of 2,120,168, the CRDO's price is down by -2.66%, now at $121.95. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 29 days.</li>
</ul>
<h3>What Analysts Are Saying About Credo Technology Group</h3>
<p>1 market experts have recently issued ratings for this stock, with a consensus target price of $170.0.</p>
<ul>
<li>An analyst from Rosenblatt has revised its rating downward to Neutral, adjusting the price target to $170. </li>
</ul>
<p>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.</p>

SOXX

CRDU

CRDO

SOXL

<p>Investors are taking a bearish stance on Credo Technology Group (NASDAQ:CRDO), with 45 uncommon options trades observed. The sentiment is split, with 33% bullish and 46% bearish. Significant investors are targeting a price range of $15.0 to $320.0. The current trading volume is 2,120,168, with the stock down 2.66% at $121.95. Analysts have a consensus target price of $170.0, with one rating revised to Neutral. Options trading carries higher risks and potential rewards, requiring traders to adapt strategies and monitor market movements closely.</p>

A Closer Look at Credo Technology Group's Options Market Dynamics