Bearish flow noted in Reddit Inc with 8,765 puts trading, or 1.3x expected. Most active are 8/9 weekly 62 puts and 8/2 weekly 65 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 1.54, while ATM IV is up over 1 point on the day. Earnings are expected on August 6th.
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