Mixed options sentiment in Reddit Inc (RDDT), with shares up $2.18, or 0.9%, near $245.65. Options volume roughly in line with average with 51k contracts traded and calls leading puts for a put/call ratio of 0.79, compared to a typical level near 0.63. Implied volatility (IV30) dropped 0.31 near 62.58,in the bottom quartile of the past year, suggesting an expected daily move of $9.68. Put-call skew steepened, indicating increased demand for downside protection.
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