Credo Technology Group put volume heavy and directionally bearish

Bearish flow noted in Credo Technology (CRDO) Group with 9,069 puts trading, or 3x expected. Most active are Nov-25 75 puts and Nov-25 160 puts, with total volume in those strikes near 7,200 contracts. The Put/Call Ratio is 2.52, while ATM IV is up nearly 3 points on the day. Earnings are expected on December 1st.

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