TV replays suggested suggested Craddock had made minimal - if any - contact with Larsson before he went down inside the Wolves box before referee Phil Dowd pointed to the spot. Larsson's penalty was saved by Wolves keeper Wayne Hennessey and the home side recovered to win 2-1.
"I never touched Larsson. There was no contact whatsoever. It was really frustrating because he's a professional and that sort of stuff really gets to me," said Craddock.
"He dived, that's the only explanation for it.
"Yes, I did put my leg out, but then I tried to take my leg away but, if he'd have actually run into it, he'd have got the penalty anyway.
"But he didn't. He dived before that. I said a few choice words but what can you do?
"I was angry and shouting but the ref had already given a penalty so nothing I was saying could have changed it. You see it on the TV. I was nowhere near him.
"But it's swings and roundabouts because Wayne saved it and we ended up scoring straight afterwards so maybe a bit of justice was done."
Craddock suffered a hamstring injury during his first Premier League start of the season.
He said: "I hurt my hamstring 10 seconds before the penalty which was really frustrating from my point of view. I'll just have to see how it is."
Source: PA
Source: PA