Quantchabot has detected a new Bull Call Spread trade opportunity for CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) for the 15-Aug-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
CRDO was recently trading at $104.89 and has an implied volatility of 68.45% for this period. Based on an analysis of the options available for CRDO expiring on 15-Aug-2025, there is a 34.24% likelihood that the underlying will close within the analyzed range of $105.14-$122.75 at expiration. In this scenario, the average linear return for the trade would be 10.21%.
52 week high: CREDO TECHNOLOGY GROUP HOLDING LTD recently reached a new 52-week high at $107.00. CRDO had traded in the range $22.50-$104.35 over the past year.
Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if CRDO maintains its current direction and does not revert back to pricing on the bearish side of $104.89 on 15-Aug-2025. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if CREDO TECHNOLOGY GROUP HOLDING LTD closes at or above $104.10 on 15-Aug-2025. Based on our risk-neutral analysis, there is a 52.55% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
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