Bearish flow noted in Reddit (RDDT) Inc with 26,988 puts trading, or 1.5x expected. Most active are 11/29 weekly 120 puts and Jan-25 100 puts, with total volume in those strikes near 8,500 contracts. The Put/Call Ratio is 2.33, while ATM IV is up over 1 point on the day. Earnings are expected on February 4th.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RDDT:
- Insider Trading: Tencent Offloads Reddit (RDDT) Stock Worth $198M
- StockTok: Meta concedes to EU regulators, to face antitrust trial in the U.S.
- Trump looking to try to halt ban on TikTok, Washington Post reports
- Reddit partners with InMarket for advertising impact masurement
- Largest borrow rate increases among liquid names