Financial giants have made a conspicuous bullish move on Reddit. Our analysis of options history for Reddit RDDT revealed 125 unusual trades.
Delving into the details, we found 47% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 19 were puts, with a value of $1,069,787, and 106 were calls, valued at $6,920,335.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $300.0 for Reddit during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Reddit options trades today is 435.03 with a total volume of 20,722.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Reddit's big money trades within a strike price range of $60.0 to $300.0 over the last 30 days.
Reddit Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| 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 | $50.5 | $49.45 | $50.0 | $180.00 | $250.0K | 631 | 56 |
| RDDT | CALL | TRADE | BEARISH | 02/21/25 | $5.15 | $4.9 | $5.0 | $275.00 | $249.0K | 5 | 1.6K |
| RDDT | CALL | TRADE | NEUTRAL | 01/16/26 | $96.95 | $95.7 | $96.4 | $145.00 | $125.3K | 226 | 14 |
| RDDT | CALL | TRADE | BULLISH | 01/16/26 | $67.55 | $67.0 | $67.35 | $200.00 | $114.4K | 2.4K | 60 |
| RDDT | CALL | TRADE | BULLISH | 04/17/25 | $37.8 | $36.5 | $37.8 | $200.00 | $113.4K | 409 | 115 |
About Reddit
Reddit Inc is engaged in providing internet content. The company provides online services that include gaming, sports, business, crypto, television and others.
Reddit's Current Market Status
- With a trading volume of 3,914,918, the price of RDDT is up by 6.03%, reaching $214.5.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 8 days from now.
Professional Analyst Ratings for Reddit
In the last month, 5 experts released ratings on this stock with an average target price of $189.0.
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. * Reflecting concerns, an analyst from Roth MKM lowers its rating to Neutral with a new price target of $195. * An analyst from Piper Sandler has decided to maintain their Overweight rating on Reddit, which currently sits at a price target of $197. * Consistent in their evaluation, an analyst from Goldman Sachs keeps a Neutral rating on Reddit with a target price of $176. * An analyst from JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $190. * An analyst from B. Riley Securities has decided to maintain their Buy rating on Reddit, which currently sits at a price target of $187.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Reddit, Benzinga Pro gives you real-time options trades alerts.
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