Whales with a lot of money to spend have taken a noticeably bearish stance on Reddit.
Looking at options history for Reddit RDDT we detected 39 trades.
If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $1,362,418 and 32, calls, for a total amount of $2,372,303.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $95.0 to $200.0 for Reddit over the recent three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Reddit's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Reddit's whale activity within a strike price range from $95.0 to $200.0 in the last 30 days.
Reddit Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RDDT | PUT | TRADE | NEUTRAL | 01/16/26 | $39.25 | $37.85 | $38.65 | $165.00 | $1.0M | 56 | 273 |
| RDDT | CALL | TRADE | BULLISH | 02/21/25 | $11.45 | $10.75 | $11.25 | $200.00 | $292.5K | 1.7K | 632 |
| RDDT | CALL | TRADE | BEARISH | 01/15/27 | $70.0 | $66.7 | $67.5 | $175.00 | $209.2K | 63 | 31 |
| RDDT | CALL | TRADE | BEARISH | 01/15/27 | $70.65 | $68.1 | $69.0 | $175.00 | $138.0K | 63 | 88 |
| RDDT | CALL | TRADE | BEARISH | 01/16/26 | $53.65 | $52.5 | $52.9 | $170.00 | $132.2K | 193 | 25 |
About Reddit
Reddit Inc is engaged in providing internet content. The company provides online services that include gaming, sports, business, crypto, television and others.
Following our analysis of the options activities associated with Reddit, we pivot to a closer look at the company's own performance.
Reddit's Current Market Status
- With a volume of 2,890,207, the price of RDDT is up 7.23% at $176.74.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 69 days.
Expert Opinions on Reddit
5 market experts have recently issued ratings for this stock, with a consensus target price of $194.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Goldman Sachs persists with their Neutral rating on Reddit, maintaining a target price of $176. * Reflecting concerns, an analyst from Guggenheim lowers its rating to Buy with a new price target of $210. * An analyst from Citigroup persists with their Buy rating on Reddit, maintaining a target price of $200. * Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Reddit with a target price of $197. * An analyst from B. Riley Securities persists with their Buy rating on Reddit, maintaining a target price of $187.
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.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
