Moderately bullish activity in Reddit Inc (RDDT), with shares down $13.65 near $228.32. Options volume relatively light with 41k contracts traded and calls leading puts for a put/call ratio of 0.54, compared to a typical level near 0.65. Implied volatility (IV30) is higher by 3.1 points near 81.98,and above the 52wk median, suggesting an expected daily move of $11.79. Put-call skew flattened, suggesting a modestly bullish tone.
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