Credo Tech Surges on Options Frenzy as $350M Volume Ranks 277th in Market Activity

On August 8, 2025, Credo Technology (CRDO) rose 0.53% to $120.41, with a trading volume of $350 million, ranking 277th in market activity. The stock’s performance reflects moderate short-term momentum amid broader market dynamics.

Unusual options activity highlighted potential investor interest. A total of 37 large trades were recorded, with 54% bullish and 29% bearish sentiment. Notable transactions included $3.04 million in call options targeting strike prices between $15 and $95, suggesting strategic positioning across varying price scenarios. Open interest averaged 805 contracts, with liquidity concentrated in longer-dated options expiring in early 2026.

Analysts remain cautiously optimistic. A recent expert rating maintained a $115 price target, aligning with CRDO’s focus on high-speed connectivity solutions for data infrastructure. The company’s geographic expansion in key markets and recent executive appointments, including CEO Bill Brennan joining the Global Semiconductor Alliance board, underscore its strategic positioning in the sector.

Technical indicators suggest CRDO is approaching overbought territory, with a 100% “Buy” signal from Barchart. However, caution is advised as momentum-driven gains may face near-term resistance. The stock’s year-to-date performance of 330% highlights strong demand, though sustainability will depend on execution against its AEC and retimer business growth initiatives.

A backtested strategy of purchasing the top 500 stocks by daily volume and holding for one day from 2022 to the present yielded a 12.5% compound annual growth rate, demonstrating the profitability of capturing high-volume momentum in the current market environment.