Bullish option flow detected in Reddit Inc with 17,342 calls trading, 2x expected, and implied vol increasing over 11 points to 75.35%. Jun-24 68 calls and 6/14 weekly 70 calls are the most active options, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 0.44. Earnings are expected on August 6th.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RDDT:
- Up Over 30% Since IPO, Is Reddit Stock (NYSE:RDDT) Overvalued?
- NY Governor Kathy Hochul announces passage of bills to protect kids online
- Finfluencer Accountability: Regulators Tackle Disclosure and Oversight
- Sprinklr, Reddit expand strategic partnership
- RDDT vs. TBLA: Are These Profitless Stocks Worth Buying?