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Credo Technology Group put volume heavy and directionally bearish

Bearish flow noted in Credo Technology Group with 3,038 puts trading, or 9x expected. Most active are Jan-25 25 puts and Sep-24 30 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 3.17, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 21st.

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