Mixed options sentiment in Reddit Inc (RDDT), with shares down $10.31 near $256.35. Options volume running well above average with 68k contracts traded and calls leading puts for a put/call ratio of 0.5, compared to a typical level near 0.79. Implied volatility (IV30) is higher by 3.4 points near 70.24,and above the 52wk median, suggesting an expected daily move of $11.34. Put-call skew steepened, indicating increased demand for downside protection.
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