Investors have taken a bullish stance on Credo Technology Group, with a significant amount of money being invested in the company. Benzinga’s options scanner spotted 21 uncommon options trades for the company, indicating that big-money traders are targeting a price range between $45.0 and $65.0 over the next three months. The sentiment among these investors is split between bullish and bearish, with 13 puts and 8 calls being traded. The company, which provides high-speed solutions for the data infrastructure market, has a current market status showing a 7.11% increase in price.
The trading activity and options volume for Credo Technology Group have shown significant interest from institutional or wealthy investors. The company’s options trading trends indicate that investors are aiming for a specific price range over the next few months. Traders are advised to stay informed about the latest developments and options trades for Credo Technology Group through Benzinga Pro. Trading options involves risks, but also offers the potential for higher profits for savvy traders who stay informed and make strategic decisions based on market dynamics.
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