Financial giants have made a conspicuous bearish move on Reddit. Our analysis of options history for Reddit RDDT revealed 29 unusual trades.
Delving into the details, we found 24% of traders were bullish, while 48% showed bearish tendencies. Out of all the trades we spotted, 20 were puts, with a value of $1,968,977, and 9 were calls, valued at $863,070.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $215.0 for Reddit, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Reddit options trades today is 332.67 with a total volume of 5,716.00.
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 $50.0 to $215.0 over the last 30 days.
Reddit Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RDDT | PUT | TRADE | BEARISH | 08/15/25 | $9.2 | $8.6 | $9.0 | $90.00 | $270.0K | 65 | 600 |
| RDDT | PUT | TRADE | BULLISH | 08/15/25 | $9.4 | $8.9 | $8.9 | $90.00 | $267.0K | 65 | 300 |
| RDDT | CALL | TRADE | BEARISH | 01/16/26 | $52.1 | $51.35 | $51.35 | $90.00 | $231.0K | 524 | 45 |
| RDDT | CALL | SWEEP | BEARISH | 03/21/25 | $3.55 | $3.5 | $3.5 | $140.00 | $175.0K | 142 | 528 |
| RDDT | CALL | TRADE | BEARISH | 05/16/25 | $19.55 | $19.25 | $19.25 | $125.00 | $171.3K | 89 | 100 |
About Reddit
Reddit Inc is engaged in providing internet content. The company provides online human connections to communities, endless conversation, sports, business, crypto, television, and others. It generates a majority of revenue through the sale of advertising on mobile applications and websites. Other revenue consists of revenue from content licensing, Reddit Premium subscriptions, and products within the user economy.
Present Market Standing of Reddit
- Trading volume stands at 1,644,263, with RDDT's price down by -7.63%, positioned at $123.76.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 76 days.
Expert Opinions on Reddit
In the last month, 5 experts released ratings on this stock with an average target price of $207.0.
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. * An analyst from B of A Securities persists with their Neutral rating on Reddit, maintaining a target price of $190. * An analyst from JMP Securities has decided to maintain their Market Outperform rating on Reddit, which currently sits at a price target of $200. * An analyst from Piper Sandler has revised its rating downward to Overweight, adjusting the price target to $210. * Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Reddit with a target price of $215. * Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Reddit, targeting a price of $220.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Reddit options trades with real-time alerts from Benzinga Pro.
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