Moderately bullish activity in Reddit Inc (RDDT), with shares up $2.12, or 1.48%, near $145.12. Options volume relatively light with 22k contracts traded and calls leading puts for a put/call ratio of 0.47, compared to a typical level near 0.5. Implied volatility (IV30) is higher by 0.4 points near 83.8,and above the 52wk median, suggesting an expected daily move of $7.66. Put-call skew steepened, indicating increased demand for downside protection.
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