Bearish flow noted in Reddit Inc with 4,089 puts trading, or 1.1x expected. Most active are 8/9 weekly 55 puts and 8/2 weekly 55 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 1.68, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 6th.
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