Financial giants have made a conspicuous bullish move on Reddit. Our analysis of options history for Reddit RDDT revealed 28 unusual trades.
Delving into the details, we found 35% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $479,236, and 24 were calls, valued at $4,050,700.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $115.0 to $260.0 for Reddit during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Reddit options trades today is 714.32 with a total volume of 4,092.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Reddit’s big money trades within a strike price range of $115.0 to $260.0 over the last 30 days.
Reddit 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RDDT | CALL | TRADE | BULLISH | 01/15/27 | $45.55 | $42.85 | $44.5 | $260.00 | $1.7M | 7 | 400 |
| RDDT | CALL | TRADE | NEUTRAL | 01/16/26 | $46.85 | $44.0 | $45.25 | $180.00 | $452.5K | 1.6K | 103 |
| RDDT | CALL | SWEEP | BULLISH | 01/17/25 | $6.6 | $6.2 | $6.5 | $190.00 | $324.5K | 5.6K | 661 |
| RDDT | PUT | SWEEP | NEUTRAL | 11/21/25 | $66.45 | $65.1 | $65.1 | $200.00 | $240.8K | 6 | 38 |
| RDDT | CALL | SWEEP | BEARISH | 01/17/25 | $7.45 | $7.1 | $7.1 | $185.00 | $182.5K | 1.5K | 279 |
About Reddit
Reddit Inc is engaged in providing internet content. The company provides online services that include gaming, sports, business, crypto, television and others.
After a thorough review of the options trading surrounding Reddit, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Reddit
- With a trading volume of 3,183,179, the price of RDDT is up by 4.98%, reaching $171.87.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 95 days from now.
What Analysts Are Saying About Reddit
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $187.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge’s Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
* Showing optimism, an analyst from Morgan Stanley upgrades its rating to Overweight with a revised price target of $200.
* Reflecting concerns, an analyst from Wells Fargo lowers its rating to Overweight with a new price target of $206.
* An analyst from Guggenheim downgraded its action to Buy with a price target of $210.
* Maintaining their stance, an analyst from Baird continues to hold a Neutral rating for Reddit, targeting a price of $160.
* An analyst from JMP Securities has decided to maintain their Market Outperform rating on Reddit, which currently sits at a price target of $160.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Reddit, Benzinga Pro gives you real-time options trades alerts.
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