Mixed options sentiment in Reddit Inc (RDDT), with shares down $1.72 near $211.09. Options volume roughly in line with average with 32k contracts traded and calls leading puts for a put/call ratio of 0.61, compared to a typical level near 0.53. Implied volatility (IV30) dropped 1.56 near 61.99,in the bottom quartile of the past year, suggesting an expected daily move of $8.24. Put-call skew steepened, indicating increased demand for downside protection.
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