RDDT Stock: Unusual Options Flow Signals Mixed Sentiment as Reddit Trades Near Midpoint of 52-Week Range
By TrendSpider Editor
Three unusual options contracts totaling $1,819,844 in combined premium have surfaced in Reddit, Inc. (RDDT), drawing attention from traders watching the social media platform's next move. RDDT is currently trading at $138.485, down 0.24% on the session, and sits roughly in the middle of its 52-week
RDDT Stock: Unusual Options Flow Signals Mixed Sentiment as Reddit Trades Near Midpoint of 52-Week Range
Three unusual options contracts totaling $1,819,844 in combined premium have surfaced in Reddit, Inc. (RDDT), drawing attention from traders watching the social media platform's next move. RDDT is currently trading at $138.485, down 0.24% on the session, and sits roughly in the middle of its 52-week range of $79.75 to $282.95. The concentration of activity across puts and calls with varying expirations suggests the market is positioning for a directional move, though participants appear divided on which way shares will break.
Key Drivers of the RDDT Stock Move
- Main Catalyst: Three unusual options contracts have been flagged across put and call positions. A $148 put expiring March 20, 2026, carries a 350% open interest ratio, while a $140 call expiring May 15, 2026, generated the largest single premium of $1,203,966. A $130 put expiring April 17, 2026, rounded out the flow with $460,000 in premium. Total unusual premium across all three contracts reached $1,819,844.
- Bull Case: The largest contract by premium is the $140 call expiring May 15, 2026, with a volume-to-open-interest ratio of 389% and a size of 634 contracts. This suggests a significant bet that RDDT climbs above $140 within the next two months, representing upside from the current $138.485 price level. With the stock well above its 52-week low of $79.75, the longer-dated call aligns with a patient bull thesis.
- Bear Case: Two of the three flagged contracts are puts. The in-the-money $148 put expiring March 20, 2026, carries a 350% open interest ratio with $155,878 in premium, signaling near-term downside conviction above the current price. The $130 put expiring April 17, 2026, adds another $460,000 in bearish premium, suggesting a subset of options traders see a pullback toward the $130 level as plausible over the next five weeks.
The forward setup for RDDT is defined by two competing forces in the options market: short-dated put pressure near and above the current price, and a larger, longer-dated call bet looking for a breakout. With RDDT trading at $138.485, the $140 call strike is just $1.52 away, making that contract's outcome highly sensitive to near-term price action. The stock has surrendered significant ground from its 52-week high of $282.95, and how it navigates the $130 to $148 range in the coming weeks will likely determine which side of this options trade wins out. Traders should monitor volume and any macro or platform-specific catalysts that could shift sentiment in either direction.
RDDT Unusual Options Activity
- Contract 1: Put | Strike: $148 | Expiry: March 20, 2026 | Volume: 119 | Open Interest: 350% | Status: In the Money | Premium: $155,878
- Contract 2: Put | Strike: $130 | Expiry: April 17, 2026 | Volume: 500 | Open Interest: 84% | Status: Out of the Money | Premium: $460,000
- Contract 3: Call | Strike: $140 | Expiry: May 15, 2026 | Volume: 634 | Open Interest: 389% | Status: Out of the Money | Premium: $1,203,966
Total premium across all three unusual contracts reached $1,819,844, with calls accounting for the majority of that figure at $1,203,966. The net flow leans bullish by premium dollar value, though the presence of two put contracts, including one that is currently in the money, reflects meaningful hedging or directional bearish positioning in the near term.
RDDT Seasonality
March has historically been an active period for social media and technology stocks as investors reassess growth outlooks heading into the second quarter. With two of the three flagged contracts expiring in March and April, the options activity aligns with a window that often sees increased volatility tied to platform engagement data and advertising market updates.
RDDT Relative Performance
RDDT is down 0.24% on the session at $138.485, a relatively modest single-day move. However, the stock's position well below its 52-week high of $282.95 indicates that shares have faced substantial selling pressure over the past year. At current levels, RDDT trades closer to the lower end of its annual range, sitting only $58.74 above its 52-week low of $79.75, which places it in a technical no-man's land that the unusual options activity may help resolve in the weeks ahead.