Notable Friday Option Activity: VRRM, CRDO, TGTX

Credo Technology Group Holding Ltd (CRDO) and TG Therapeutics Inc (TGTX) are experiencing notably high options trading volumes today, suggesting increased investor interest or hedging activity. CRDO's options volume of 28,185 contracts represents a significant 45.8% of its average daily share volume, with particular focus on the November 2025 $200 strike call. Similarly, TGTX's options volume of 6,821 contracts accounts for 44.5% of its average daily share volume, driven by strong trading in the November 2025 $29 strike put.

Analysis

Credo Technology Group Holding Ltd (CRDO) is exhibiting notable options trading volume today, with 28,185 contracts representing a significant 45.8% of its average daily share volume over the last month. A key observation is the elevated activity in the November 21, 2025, $200 strike call option, which saw 1,357 contracts traded, indicating a potential long-term bullish sentiment or hedging strategy for CRDO. This concentrated call volume suggests market participants are positioning for a substantial upside move or protecting existing long positions.

Similarly, TG Therapeutics Inc (TGTX) options volume reached 6,821 contracts, accounting for 44.5% of its average daily share volume. The most active contract was the November 21, 2025, $29 strike put option, with 1,109 contracts traded. This high volume in a long-dated put suggests either a bearish speculative interest or a defensive hedging strategy against potential downside risk for TGTX.

The disproportionately high options volume relative to average daily share volume for both CRDO and TGTX underscores increased investor focus and potential directional biases. While the overall sentiment signal remains neutral, the distinct call-heavy activity for CRDO and put-heavy activity for TGTX provides technical insights into differing market expectations over a longer horizon. These technical flows warrant deeper fundamental analysis into each company's specific drivers.

Key Decisions for Investors

• Investors should investigate potential catalysts driving the long-dated bullish call activity in CRDO, considering its implications for future price movements and potential for outperformance.
• Monitor TGTX for any fundamental developments that could explain the significant long-dated bearish put option volume, which may signal concerns about future performance or increased hedging demand.