**Credo Technology Group Holding Ltd (CRDO) has initiated trading for new options expiring on December 18, as of today.** The notable put contract at a $250 strike price has a current bid of $64.30, allowing investors to potentially acquire shares at an effective cost of $185.70. This represents a discount of approximately 3% from today’s trading price of $257.39, with a 68% chance of the put expiring worthless.
On the call side, a $280 strike price call contract is currently bid at $68.00, promising a total return of 35.20% if the stock is called away. This strike is about 9% above the current trading price, with a 38% probability of expiring worthless. Both options feature high implied volatility, at 110% for puts and 108% for calls, compared to an actual trailing twelve-month volatility of 87%.
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