Options/CRDO

CRDOCredo Technology Group Holding Ltd Ordinary Shares

Options Analysis Report•SEMICONDUCTORS & RELATED DEVICES

Market Cap $43.7B|NASDAQ

● 2026-08-28$232.75

NEUTRAL

Analysis: 2026-08-27 EOD data

1Y +89.1%YTD +62.5%7D +0.9%

Options Vol

19,938

30D

Implied Move

±27.8%

IV Rank

30%

CRDO Options Overview

IV is elevated. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

Loading score history...

CRDO Gamma Walls

Loading gamma walls...

Value

Is IV priced right?

3.6

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks3/9 checks passed

IV Rank

≤35%

IV Rank 94.3% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.04x — IV ≤ HV

Sector Relative≤50%

Sector percentile 92% — above sector median

Term Structure

<1.1x

Front/Back 1.39x — backwardation

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 95.6% — crisis-level IV

Spread-Adjusted Value

<80%

Effective IV 116.0% (ATM 95.6% + spread 10.2% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 15.12% (spread 10.19% + slippage 4.93%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 87.93 (vega 89.604 / spread 10.19%) — efficient

Sentiment

Bullish or bearish?

6.1

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksNeutral - Weak signal (Conviction: +5%, Raw: +7%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +5% (neutral) — Raw: +7%

OI Skew Magnitude

≥15%

|OI skew| 3.0% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +22.6%, OI skew +3.0% — aligned

Conviction Quality

≥2/3 conditions

0-DTE 46%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -13%, ATM: +21%, OTM: +3% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 61% — bearish vs sector

Activity

Unusual activity?

3.9

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed

Volume Surge

≥1.5x

Volume 1.1x avg — normal

Turnover Rate

≥15%

Vol/OI 10.5% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change -18.5% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 85% — very active vs sector

Trade Quality

≥30%

Large trade volume 8% — mostly retail

Execution Urgency

≥60%

Aggressive execution 24% — patient

Flow Conviction

≥30

Conviction +5 (bullish) — mixed

Liquidity

Can I trade efficiently?

4.3

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 10.2% — wide

Adequate OI

≥10,000

OI 189,591 — deep

Active Volume

≥500

Volume 19,938/day — active

Reasonable Cost

≤$0.50

$0.51 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 95% — much wider than sector

Order Book Depth

≥100 contracts

Depth 117.6 contracts (bid:57.1 ask:60.5) — adequate

Execution Quality

<1.0%

Avg slippage 4.93% — poor

Timing

Is now a good time?

7.8

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope +38.8% — backwardation

IV Percentile Clarity

<30 or >70

IV percentile 94% — seller opportunity

Event Detection

≥10pts kink

IV kink 30.1pts — event priced

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 874.18 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No earnings detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +5% @ 52% consistency — unclear

Smart Money Timing

≥40 composite score

Score 38 (ITM 20% + inst 8%) — retail dominated

Directional Strategy Fit

Option Buyers

Long Calls5.2

bullishIV expensive, bullish flow

Long Puts4.5

bearishIV expensive, bullish flow

Premium Sellers

Cash-Secured Put6.1

bullishIV rich premium, bullish flow

Covered Call5.3

bearishIV rich premium, bullish flow

For educational purposes only. Not investment advice.

Earnings · week of Aug 31

Options price a ±12.7% move into CRDO's Sep 1 earnings

CRDO reports on Tuesday, September 1 after the close. The at-the-money straddle covering that report prices a ±12.7% move — roughly $203.19 to $262.31 from $232.75. CRDO has averaged ±17.7% on its last 7 earnings reactions (biggest: 48%), so this print is priced at 0.7× its own history.

CAN RUN MOREimplied ±12.7%history ±17.7%Sep 4 expiry

See the implied move for every US stock reporting the week of Aug 31

Implied move = the live at-the-money straddle for the expiry covering the report (Sep 4); it shifts intraday. Historical move = the average of CRDO’s own 1-day earnings reactions over its last reported quarters — a reference, not a forecast.