Pre-earnings options volume in Reddit (RDDT) Inc is 1.8x normal with calls leading puts 7:4. Implied volatility suggests the market is anticipating a move near 11.2%, or $17.58, after results are released. Median move over the past eight quarters is 5.3%.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RDDT:
- Here’s what Wall Street is saying about Reddit ahead of earnings
- Reddit price target raised to $150 from $130 at BofA
- Positive Outlook for Reddit Inc: Buy Rating with Increased Price Target Amid Strong User Growth and Revenue Projections
- Reddit price target raised to $175 from $150 at Raymond James
- Mixed options sentiment in Reddit Inc with shares up 2.55%
