Quantchabot has detected a new Bear Call Spread trade opportunity for CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) for the 29-May-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
CRDO was recently trading at $189.85 and has an implied volatility of 94.58% for this period. Based on an analysis of the options available for CRDO expiring on 29-May-2026, there is a 34.25% likelihood that the underlying will close within the analyzed range of $154.47-$190.20 at expiration. In this scenario, the average linear return for the trade would be 26.81%.
Big -9.69% Change: After closing the last trading session at $210.22, CREDO TECHNOLOGY GROUP HOLDING LTD opened today at $203.25 and has reached a low of $188.91.
Trade approach: A movement as big as -9.69% is a significantly bearish indicator, so this trade is designed to be profitable if CRDO maintains its current direction and does not revert back to pricing on the bullish side of $189.85 on 29-May-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bearish strategy, the trade would be profitable if CREDO TECHNOLOGY GROUP HOLDING LTD closes at or below $190.25 on 29-May-2026. Based on our risk-neutral analysis, there is a 50.06% 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.
Leave a Reply
You must be logged in to post a comment.