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CRDO options analytics

CRDO · Stock

Data as of 23 September 2026 (end of day)

CRDO options are pricing a 30-day at-the-money volatility of 74.1%, a move of about ±21.2% over the next month. Its history here is 5 sessions, short of the 180 a percentile needs, so this reading is not yet ranked against its own past.

Its 25-delta calls carry 3.03 volatility points more than the puts.

Longer-dated options carry more: 90-day volatility is 9% above 30-day.

Its next earnings report is 2026-12-03 (estimated from its reporting cadence).

Current readings

30-day ATM implied volatilityⓘ
74.10%

Prices a move of about ±21.2% over 30 days, or ±4.7% on a typical day.

25-delta risk reversalⓘ
-3.03

Calls carry 3.03 volatility points more than puts the same distance from the money.

25-delta butterflyⓘ
+0.32

The wings carry 0.32 volatility points more than at-the-money.

Term structure slopeⓘ
1.093

90-day volatility is 9% above 30-day.

Where 30-day implied volatility sits

Against 5 prior sessions (one-year window)

Not enough history in this window to place the current reading.

IV percentile, 1 year
—
IV rank, 1 year
—
IV percentile, 2 years
—
IV rank, 2 years
—

Rank is the position between the lowest and highest readings in the window, so a single past extreme pins everything after it near one end. Percentile is the share of sessions below the current reading and is unaffected by how far that extreme reached. Both are withheld when the window holds fewer than 180 sessions.

Session detail

Underlying close
$193.87
30-day implied forward
$195.35
60-day ATM IV
76.45%
90-day ATM IV
80.95%
180-day ATM IV
80.35%
Expirations used
13
Total open interest
235,563
Put / call open interest
0.85

The forward is derived from put-call parity on the strikes nearest the money, not taken from the underlying close. It is what every moneyness and delta on this page is measured against.

30-day at-the-money implied volatility

Last 5 sessions

66%68%70%72%74%76%2026-09-17 — 30-day ATM IV 67%2026-09-18 — 30-day ATM IV 67%2026-09-21 — 30-day ATM IV 73%2026-09-22 — 30-day ATM IV 74%2026-09-23 — 30-day ATM IV 74%17 Sep18 Sep21 Sep22 Sep23 Sep
Show the underlying numbers (most recent 5)
Session30-day ATM IV25-delta RRTerm slopeClose
2026-09-2374.10%-3.031.093$193.87
2026-09-2273.72%-5.221.080$192.56
2026-09-2173.49%-4.331.053$187.27
2026-09-1867.32%-1.901.114$175.89
2026-09-1767.32%+0.141.110$168.25

The chart covers every session in the archive, 5 in total. The table lists the most recent 5.

25-delta risk reversal

Last 5 sessions

-6.0-4.0-2.00.02.02026-09-17 — 25-delta RR (volatility points) 0.12026-09-18 — 25-delta RR (volatility points) -1.92026-09-21 — 25-delta RR (volatility points) -4.32026-09-22 — 25-delta RR (volatility points) -5.22026-09-23 — 25-delta RR (volatility points) -3.017 Sep18 Sep21 Sep22 Sep23 Sep

The dashed line marks zero, where the 25-delta put and call carry the same implied volatility.

Skew curve

Implied volatility by delta, front expirations

Implied volatility by delta

2d (2026-09-25) · 9d (2026-10-02) · 16d (2026-10-09)

70%80%90%100%2026-09-25 (2d) — 5Δ C — IV 96.94%2026-09-25 (2d) — 10Δ C — IV 92.55%2026-09-25 (2d) — 15Δ C — IV 92.35%2026-09-25 (2d) — 20Δ C — IV 89.58%2026-09-25 (2d) — 25Δ C — IV 88.75%2026-09-25 (2d) — 30Δ C — IV 88.26%2026-09-25 (2d) — 35Δ C — IV 87.93%2026-09-25 (2d) — 40Δ C — IV 89.26%2026-09-25 (2d) — 45Δ C — IV 89.85%2026-09-25 (2d) — ATM — IV 89.95%2026-09-25 (2d) — 45Δ P — IV 88.95%2026-09-25 (2d) — 40Δ P — IV 88.55%2026-09-25 (2d) — 35Δ P — IV 88.54%2026-09-25 (2d) — 30Δ P — IV 86.97%2026-09-25 (2d) — 25Δ P — IV 86.31%2026-09-25 (2d) — 20Δ P — IV 87.39%2026-09-25 (2d) — 15Δ P — IV 88.69%2026-09-25 (2d) — 10Δ P — IV 90.52%2026-09-25 (2d) — 5Δ P — IV 92.63%2d2026-10-02 (9d) — 10Δ C — IV 81.35%2026-10-02 (9d) — 15Δ C — IV 80.35%2026-10-02 (9d) — 20Δ C — IV 78.75%2026-10-02 (9d) — 25Δ C — IV 78.60%2026-10-02 (9d) — 30Δ C — IV 77.79%2026-10-02 (9d) — 35Δ C — IV 76.60%2026-10-02 (9d) — 40Δ C — IV 76.34%2026-10-02 (9d) — 45Δ C — IV 75.26%2026-10-02 (9d) — ATM — IV 76.17%2026-10-02 (9d) — 45Δ P — IV 78.22%2026-10-02 (9d) — 40Δ P — IV 77.10%2026-10-02 (9d) — 35Δ P — IV 75.60%2026-10-02 (9d) — 30Δ P — IV 77.88%2026-10-02 (9d) — 25Δ P — IV 77.69%2026-10-02 (9d) — 20Δ P — IV 76.04%2026-10-02 (9d) — 15Δ P — IV 77.21%2026-10-02 (9d) — 10Δ P — IV 78.30%2026-10-02 (9d) — 5Δ P — IV 82.70%9d2026-10-09 (16d) — 10Δ C — IV 80.12%2026-10-09 (16d) — 15Δ C — IV 78.08%2026-10-09 (16d) — 20Δ C — IV 76.69%2026-10-09 (16d) — 25Δ C — IV 76.59%2026-10-09 (16d) — 30Δ C — IV 76.39%2026-10-09 (16d) — 35Δ C — IV 75.37%2026-10-09 (16d) — 40Δ C — IV 74.73%2026-10-09 (16d) — 45Δ C — IV 74.52%2026-10-09 (16d) — ATM — IV 74.07%2026-10-09 (16d) — 45Δ P — IV 74.23%2026-10-09 (16d) — 40Δ P — IV 74.85%2026-10-09 (16d) — 35Δ P — IV 74.32%2026-10-09 (16d) — 30Δ P — IV 74.72%2026-10-09 (16d) — 25Δ P — IV 73.98%2026-10-09 (16d) — 20Δ P — IV 74.62%2026-10-09 (16d) — 15Δ P — IV 75.34%2026-10-09 (16d) — 10Δ P — IV 76.39%2026-10-09 (16d) — 5Δ P — IV 79.09%16d10Δ C25Δ CATM25Δ P10Δ Pout-of-the-money calls ← delta → out-of-the-money puts

The axis is call delta. Readings to the right of the dashed centre line are taken from the out-of-the-money put at that strike, which is the contract whose quote the volatility was solved from. Points are only plotted where surviving quotes bracket the delta on both sides; nothing is extrapolated past the last traded strike.

Show the underlying numbers
Delta2d9d16d
5Δ call96.94%——
10Δ call92.55%81.35%80.12%
15Δ call92.35%80.35%78.08%
20Δ call89.58%78.75%76.69%
25Δ call88.75%78.60%76.59%
30Δ call88.26%77.79%76.39%
35Δ call87.93%76.60%75.37%
40Δ call89.26%76.34%74.73%
45Δ call89.85%75.26%74.52%
ATM89.95%76.17%74.07%
45Δ put88.95%78.22%74.23%
40Δ put88.55%77.10%74.85%
35Δ put88.54%75.60%74.32%
30Δ put86.97%77.88%74.72%
25Δ put86.31%77.69%73.98%
20Δ put87.39%76.04%74.62%
15Δ put88.69%77.21%75.34%
10Δ put90.52%78.30%76.39%
5Δ put92.63%82.70%79.09%

Wing readings by expiration

ExpirationDaysForwardATM IV25Δ put25Δ callRRButterflyQuotes
2026-09-252$194.5589.95%86.31%88.75%-2.43-2.4220
2026-10-029$195.1076.17%77.69%78.60%-0.91+1.9735
2026-10-0916$195.3074.07%73.98%76.59%-2.61+1.2232
2026-10-1623$195.4074.64%73.77%76.79%-3.02+0.6436
2026-10-2330$195.3574.10%72.90%75.92%-3.03+0.3225
2026-10-3037$195.9074.58%74.07%76.37%-2.31+0.6426
2026-11-2058$196.2675.92%74.88%78.22%-3.34+0.6336
2026-12-1886$196.7280.94%79.05%82.48%-3.43-0.1738
2027-01-15114$196.0181.01%76.38%81.51%-5.13-2.0644
2027-02-19149$197.4976.04%77.09%78.93%-1.84+1.9741
2027-03-19177$198.8880.32%78.54%80.73%-2.20-0.6849
2027-06-17267$200.7280.94%80.02%83.83%-3.81+0.9849
2027-07-16296$201.6681.79%80.44%83.28%-2.84+0.0849

Each curve above is one expiration. The vertical position is implied volatility; the horizontal position is the delta of the contract it was read from. For US equities the curve normally slopes upward to the right, meaning out-of-the-money puts carry higher implied volatility than equidistant calls.

The 25-delta risk reversal summarises that slope as a single number: the 25-delta put volatility minus the 25-delta call volatility. The butterfly summarises the curvature: the average of the two wings minus the at-the-money reading.

Term structure

At-the-money implied volatility by expiration

At-the-money implied volatility by expiration

13 listed expirations produced a usable reading

70%75%80%85%90%95%2026-09-25 — 2 days — at-the-money IV 89.95%2026-10-02 — 9 days — at-the-money IV 76.17%2026-10-09 — 16 days — at-the-money IV 74.07%2026-10-16 — 23 days — at-the-money IV 74.64%2026-10-23 — 30 days — at-the-money IV 74.10%2026-10-30 — 37 days — at-the-money IV 74.58%2026-11-20 — 58 days — at-the-money IV 75.92%2026-12-18 — 86 days — at-the-money IV 80.94%2027-01-15 — 114 days — at-the-money IV 81.01%2027-02-19 — 149 days — at-the-money IV 76.04%2027-03-19 — 177 days — at-the-money IV 80.32%2027-06-17 — 267 days — at-the-money IV 80.94%2027-07-16 — 296 days — at-the-money IV 81.79%7306090180days to expiration

The horizontal axis is the square root of days to expiration, which is the scale volatility lives on. A curve that is flat in variance terms plots as a straight line here rather than bending sharply through the front week.

Show the underlying numbers
ExpirationDaysForwardATM IVATM strikeQuotes used
2026-09-252 days$194.5589.95%$194.9820
2026-10-029 days$195.1076.17%$196.5035
2026-10-0916 days$195.3074.07%$197.6632
2026-10-1623 days$195.4074.64%$198.8636
2026-10-2330 days$195.3574.10%$199.8125
2026-10-3037 days$195.9074.58%$201.5126
2026-11-2058 days$196.2675.92%$205.4536
2026-12-1886 days$196.7280.94%$212.5038
2027-01-15114 days$196.0181.01%$217.1744
2027-02-19149 days$197.4976.04%$222.2341
2027-03-19177 days$198.8880.32%$232.5549
2027-06-17267 days$200.7280.94%$255.0749
2027-07-16296 days$201.6681.79%$264.4949

Constant maturities

Interpolated between the bracketing listed expirations, in total variance

30 days
74.10%
60 days
76.45%
90 days
80.95%
180 days
80.35%

Interpolation is linear in total variance, not in volatility. Interpolating volatility directly implies a forward variance that can be negative between two expirations. A tenor beyond the longest listed expiration is reported as unavailable rather than extrapolated.

Term structure slope

Last 5 sessions

0.951.001.051.101.152026-09-17 — 90-day over 30-day 1.112026-09-18 — 90-day over 30-day 1.112026-09-21 — 90-day over 30-day 1.052026-09-22 — 90-day over 30-day 1.082026-09-23 — 90-day over 30-day 1.0917 Sep18 Sep21 Sep22 Sep23 Sep

The dashed line marks 1.00, where the 90-day and 30-day at-the-money volatilities are equal. Above it the longer tenor carries the higher volatility.

The term structure is the at-the-money implied volatility of each listed expiration, plotted against how far away that expiration is. Its usual shape for a calm underlying slopes gently upward, because a longer horizon admits more uncertainty.

It inverts when the market prices a dated event: an expiration that captures a scheduled announcement carries the variance of that event on top of ordinary trading, so a shorter contract can print a higher volatility than a longer one.

Earnings

What the options priced in before each report, and what happened

Next report

2026-12-03Time not statedEstimated from its reporting cadence

Reports

Newest first. The implied move is one standard deviation, priced from the session before the release.

ReportSessionImplied ±RealisedRealised / implied
2026-09-01After the close———
2026-06-01After the close———
2026-03-02After the close———
2026-02-09After the close———
2025-09-03After the close———
2025-06-02After the close———
2025-03-04After the close———
2024-12-02After the close———
2024-09-04After the close———
2024-05-29After the close———
2024-02-27After the close———
2023-11-29After the close———

The implied move is read from the at-the-money straddle on the first expiration strictly after the report date, converted to a one-standard-deviation move and divided by the forward. Realised moves are the close-to-close return across the event, measured from the session before the release to the session after it.

Report dates that have already happened come from the company’s own 8-K filing and are exact. A date still in the future is either one the company has announced, or an estimate from its reporting cadence.