RDDT Stock: Unusual Put Activity Flags Bearish Positioning as Reddit Trades Near 52-Week Lows
By TrendSpider Editor
Two unusual put contracts have surfaced in Reddit, Inc. (RDDT) options flow today, with combined total premium of $1,157,976 and both contracts sitting in-the-money relative to the current share price of $135.13. The activity stands out given that open interest on both contracts registered at 1000%
RDDT Stock: Unusual Put Activity Flags Bearish Positioning as Reddit Trades Near 52-Week Lows
Two unusual put contracts have surfaced in Reddit, Inc. (RDDT) options flow today, with combined total premium of $1,157,976 and both contracts sitting in-the-money relative to the current share price of $135.13. The activity stands out given that open interest on both contracts registered at 1000% of typical levels, signaling a notable surge in bearish positioning. With RDDT trading well below its 52-week high of $282.95 and closer to its 52-week low of $79.75, the options flow arrives at a technically sensitive moment for the stock.
Key Drivers of the RDDT Stock Move
- Main Catalyst: Two in-the-money put contracts with a combined premium of $1,157,976 were flagged as unusual today, with open interest surging to 1000% above baseline on both. The dominant contract is a PUT at the $195 strike expiring April 10, 2026, carrying a premium of $1,121,476 on a size of 181 contracts.
- Bull Case: The $143 strike put expiring May 8, 2026 is only modestly in-the-money relative to the $135.13 current price, suggesting some of this flow could reflect hedging activity rather than outright directional bets. The stock is already down significantly from its 52-week high of $282.95, meaning a portion of the downside risk may already be priced in.
- Bear Case: The $195 strike put is deeply in-the-money with RDDT trading at $135.13, and the $1,121,476 premium on that contract alone indicates a serious commitment of capital to the downside. The stock is already off 0.80% on the session, and both puts carrying 1000% open interest readings suggest conviction behind the bearish flow.
The forward setup for RDDT remains challenging heading into the second quarter of 2026. The stock is trading in the lower third of its 52-week range, spanning $79.75 to $282.95, and today's put activity adds another layer of caution for bulls. The near-term expiry on the $195 strike contract, which expires April 10, 2026, just eight days from today, suggests whoever placed this trade is positioned for continued pressure or is hedging a large existing long position against further deterioration before next week's expiry. The secondary put at the $143 strike expiring May 8, 2026 extends that bearish thesis another month out, indicating the defensive posture may not be a one-week story.
RDDT Unusual Options Activity
- Contract 1: Put | Strike: $195 | Expiry: April 10, 2026 | Volume: 181 | Open Interest: 1000% | In-the-money | Premium: $1,121,476
- Contract 2: Put | Strike: $143 | Expiry: May 8, 2026 | Volume: 20 | Open Interest: 1000% | In-the-money | Premium: $36,500
Both contracts are puts, with zero calls flagged in today's unusual flow. The total unusual premium across both contracts is $1,157,976, skewed heavily toward the April 10 expiry. The 1000% open interest reading on both contracts indicates that volume today dwarfed existing open interest, a classic signal of fresh institutional or informed positioning entering the market.
RDDT Relative Performance
RDDT is down 0.80% on the session as of today, April 2, 2026, underperforming on a day when the unusual options flow suggests market participants are bracing for further softness. Trading at $135.13, the stock sits roughly 52% below its 52-week high of $282.95, while maintaining a buffer of approximately 69% above its 52-week low of $79.75. The concentration of in-the-money put activity at strikes of $195 and $143 brackets the current price and illustrates the range of downside scenarios currently being hedged or traded in the options market.