Moderately bullish activity in Reddit Inc (RDDT), with shares up $11.63, or 5.19%, near $235.65. Options volume roughly in line with average with 93k contracts traded and calls leading puts for a put/call ratio of 0.92, compared to a typical level near 0.58. Implied volatility (IV30) is higher by 1.7 points near 60.87,in the bottom quartile of the past year, suggesting an expected daily move of $9.04. Put-call skew steepened, indicating increased demand for downside protection.
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