Reddit Stock Sees $2.8M in Unusual Call Activity as Shares Slide 2.64% on Friday

By TrendSpider Editor

Reddit, Inc. (RDDT) is flashing notable bullish options activity today, with three unusual call contracts totaling $2,845,420 in combined premium hitting the tape even as shares pull back 2.64% to $195.31. The activity stands out given the stock's current position in its 52-week range of $119.27 to

Reddit Stock Sees $2.8M in Unusual Call Activity as Shares Slide 2.64% on Friday

Reddit, Inc. (RDDT) is flashing notable bullish options activity today, with three unusual call contracts totaling $2,845,420 in combined premium hitting the tape even as shares pull back 2.64% to $195.31. The activity stands out given the stock's current position in its 52-week range of $119.27 to $282.95, sitting roughly in the middle of that spread. The divergence between declining price action and aggressive call buying is drawing attention from options traders watching the name closely.

Key Drivers of the RDDT Stock Move

• Main Catalyst: Three unusual call contracts were flagged today, spanning strikes of $180, $200, and $205, with expirations ranging from July 10 to August 7, 2026. Combined, these contracts represent $2,845,420 in total premium with a total of 2,443 contracts across all three positions.
• Bull Case: The largest contract by premium is the $205 call expiring August 7, 2026, which generated $1,318,640 in premium and printed at 1,399% of open interest, a strong signal of fresh, aggressive positioning. The $180 call expiring today also drew $1,276,270 in premium and sits in the money, suggesting conviction from buyers willing to pay up for immediate intrinsic value.
• Bear Case: Despite the bullish options positioning, RDDT shares are down 2.64% on the session, and the $200 call expiring July 17 sits out of the money with only 12% of open interest, indicating that particular position is not yet supported by broader market conviction. With the stock more than 30% below its 52-week high of $282.95, any near-term recovery faces meaningful overhead resistance.

The forward setup for RDDT presents a tension worth monitoring heading into the back half of July and into August. The concentration of call premium in the August 7 expiration window suggests at least some traders are positioning for a catalyst or recovery over the next four weeks. The $205 strike on that contract implies buyers are targeting a move back above current levels, which would require RDDT to reverse today's weakness and reclaim the $200 level. Whether that reflects positioning ahead of an anticipated earnings event, a data licensing announcement, or broader sector rotation into growth and social media names, the size and structure of today's flow warrants attention. RDDT has spent much of 2026 consolidating off its highs, and a break back above $200 could reset the technical picture in a more constructive direction.

RDDT Unusual Options Activity

• Contract 1: Call, $180 strike, expires July 10, 2026 | Volume: 895 | Open Interest: 73% | Status: In the Money | Premium: $1,276,270
• Contract 2: Call, $205 strike, expires August 7, 2026 | Volume: 937 | Open Interest: 1,399% | Status: Out of the Money | Premium: $1,318,640
• Contract 3: Call, $200 strike, expires July 17, 2026 | Volume: 611 | Open Interest: 12% | Status: Out of the Money | Premium: $250,510

RDDT Seasonality

Mid-July options activity in growth and social media stocks tends to reflect pre-earnings positioning, as many companies in the sector report second-quarter results in late July and early August. The concentration of RDDT call buying in the August 7 expiration may suggest traders are anticipating a significant update or report within that window.

RDDT Relative Performance

RDDT is down 2.64% on the session and trading at $195.31, sitting well below its 52-week high of $282.95 while remaining comfortably above its 52-week low of $119.27. The pullback today places the stock at a level where options traders appear to see value, given the size and premium deployed across all three unusual call contracts flagged on Friday.