Mixed options sentiment in Reddit Inc (RDDT), with shares up $3.73, or 2.55%, near $149.83. Options volume roughly in line with average with 62k contracts traded and calls leading puts for a put/call ratio of 0.37, compared to a typical level near 0.48. Implied volatility (IV30) dropped 3.29 near 85.7,in the top quartile of the past year, suggesting an expected daily move of $8.09. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Reddit Inc (RDDT) will report earnings after the close on 2025-07-31.Option markets are pricing in a 50% probability of a move greater than 13.53% or $20.28.
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