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Reddit Inc put volume heavy and directionally bearish

Reddit Inc put volume heavy and directionally bearish

Bearish flow noted in Reddit Inc with 5,502 puts trading, or 2x expected. Most active are 11/1 weekly 75 puts and Oct-24 80 calls, with total volume in those strikes near 3,800 contracts. The Put/Call Ratio is 1.69, while ATM IV is up over 3 points on the day. Earnings are expected on October 29th.

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