Mixed options sentiment in Reddit Inc (RDDT), with shares up $3.67, or 1.55%, near $241.12. Options volume relatively light with 35k contracts traded and calls leading puts for a put/call ratio of 0.49, compared to a typical level near 0.67. Implied volatility (IV30) dropped 1.95 near 71.16,and above the 52wk median, suggesting an expected daily move of $10.81. Put-call skew steepened, indicating increased demand for downside protection.
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