RDDT Stock: Unusual Options Flow Flags Bearish and Bullish Bets as Reddit Trades Near Mid-Range

By TrendSpider Editor

Reddit, Inc. (RDDT) is seeing unusual options activity today, with two notable contracts drawing attention across both the put and call sides of the market. RDDT shares are trading at $146.145, up a modest 0.31% on the session, sitting well off the 52-week high of $282.95 but meaningfully above the

RDDT Stock: Unusual Options Flow Flags Bearish and Bullish Bets as Reddit Trades Near Mid-Range

Reddit, Inc. (RDDT) is seeing unusual options activity today, with two notable contracts drawing attention across both the put and call sides of the market. RDDT shares are trading at $146.145, up a modest 0.31% on the session, sitting well off the 52-week high of $282.95 but meaningfully above the 52-week low of $79.7499. The combined total premium on these two contracts reaches $350,538.40, suggesting institutional-level positioning ahead of potential catalysts.

Key Drivers of the RDDT Stock Move

• Main Catalyst: Two unusual options contracts were flagged on RDDT today, one put and one call, with a combined total premium of $350,538.40. The put contract at the $131 strike expiring March 20, 2026 saw a size of 802 contracts against an open interest change of 2,587%, signaling aggressive new positioning. The call contract at the $200 strike expiring April 17, 2026 saw a size of 500 contracts with an open interest change of 17%.
• Bull Case: The $200 call expiring April 17, 2026 represents a bullish bet that RDDT could rally roughly 36.8% from its current price of $146.145, a level that would still sit below the 52-week high of $282.95. The $78,500 premium deployed on this contract indicates real conviction behind the upside thesis.
• Bear Case: The put contract at the $131 strike, expiring in just over two weeks on March 20, 2026, carries $272,038.40 in premium and an extraordinary open interest surge of 2,587%. This outsized activity suggests that sophisticated traders may be positioning for a near-term pullback of roughly 10.4% from current levels, or using the contract as a hedge against existing long exposure.

The combination of a short-dated, high-premium put and a longer-dated out-of-the-money call paints a nuanced picture for RDDT heading into the weeks ahead. The put expiration on March 20, 2026 gives traders just over two weeks to see a move toward $131, which would require a meaningful break below current support levels. Meanwhile, the April 17, 2026 call gives bulls more time to develop, pointing to a potential event or catalyst expected in the next six weeks. With RDDT trading in the lower half of its 52-week range between $79.7499 and $282.95, the stock remains in a wide band where both outcomes carry real technical plausibility.

RDDT Unusual Options Activity

• Contract 1: PUT | Strike: $131 | Expiry: March 20, 2026 | Volume: 802 | Open Interest Change: 2,587% | Status: OTM | Premium: $272,038.40
• Contract 2: CALL | Strike: $200 | Expiry: April 17, 2026 | Volume: 500 | Open Interest Change: 17% | Status: OTM | Premium: $78,500

Total unusual contracts flagged: 2. Total combined premium: $350,538.40. The put side accounts for approximately 77.6% of total premium flow, skewing the overall activity toward the bearish side in terms of capital deployed.

RDDT Seasonality

March has historically been a transitional month for growth and social media platform stocks, with volatility often picking up into quarter-end as institutional portfolios are rebalanced. The short-dated nature of the March 20, 2026 put expiration aligns with this end-of-quarter window, which could amplify any price moves if broader market conditions shift.

RDDT Relative Performance

RDDT is up just 0.31% on the session, a relatively muted move compared to the stock's historical volatility implied by its 52-week range spanning from $79.7499 to $282.95, a spread of over 254%. At $146.145, RDDT sits approximately 48.4% below its 52-week high and roughly 83.2% above its 52-week low, indicating the stock remains in a broad middle ground where directional conviction from either bulls or bears has not yet been fully established by price action alone.