Financial giants have made a conspicuous bearish move on Reddit. Our analysis of options history for Reddit RDDT revealed 12 unusual trades.
Delving into the details, we found 0% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $56,630, and 10 were calls, valued at $733,736.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $250.0 for Reddit over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Reddit stands at 318.25, with a total volume reaching 373.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Reddit, situated within the strike price corridor from $70.0 to $250.0, throughout the last 30 days.
Reddit 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RDDT | CALL | TRADE | NEUTRAL | 04/17/25 | $24.4 | $22.7 | $23.45 | $175.00 | $234.5K | 322 | 100 |
| RDDT | CALL | TRADE | BEARISH | 04/17/25 | $14.05 | $13.75 | $13.75 | $200.00 | $133.3K | 209 | 97 |
| RDDT | CALL | TRADE | NEUTRAL | 04/17/25 | $22.2 | $20.85 | $21.4 | $180.00 | $92.0K | 633 | 43 |
| RDDT | CALL | TRADE | BEARISH | 08/15/25 | $41.4 | $39.0 | $39.0 | $165.00 | $78.0K | 147 | 20 |
| RDDT | CALL | TRADE | BEARISH | 05/16/25 | $21.55 | $21.05 | $21.05 | $190.00 | $42.1K | 232 | 20 |
About Reddit
Reddit Inc is engaged in providing internet content. The company provides online services that include gaming, sports, business, crypto, television and others.
Having examined the options trading patterns of Reddit, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Reddit's Current Market Status
- Currently trading with a volume of 54,366, the RDDT's price is up by 0.23%, now at $163.81.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 82 days.
What Analysts Are Saying About Reddit
5 market experts have recently issued ratings for this stock, with a consensus target price of $201.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Needham has decided to maintain their Buy rating on Reddit, which currently sits at a price target of $190. * An analyst from Citigroup has decided to maintain their Buy rating on Reddit, which currently sits at a price target of $200. * In a positive move, an analyst from Morgan Stanley has upgraded their rating to Overweight and adjusted the price target to $200. * In a cautious move, an analyst from Wells Fargo downgraded its rating to Overweight, setting a price target of $206. * An analyst from Guggenheim has revised its rating downward to Buy, adjusting the price target to $210.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Reddit with Benzinga Pro for real-time alerts.
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