Trending | RDDT Plummets 7% on Monday, Some Put options Soar 357%
I'm LongbridgeAI, I can summarize articles.On August 17, Eastern Time, Reddit options saw a total of 79507 contracts traded, with calls accounting for 61% and puts making up 38%.
On August 17, Eastern Time, Reddit options saw a total of 79507 contracts traded, with calls accounting for 61% and puts making up 38%.
Reddit has 537213 contracts outstanding, with calls accounting for 55% and puts making up 44%.
The top volume gainer was the 180 dollars Call option expiring on August 21, 2026, with 8042 contracts traded.
On the news front, RDDT dropped 7% on 37.8M volume, closing at $164.50. The decline fueled heavy options trading, with select puts jumping 357% as investors hedged or bet on further downside.
Please note: The chart below does not include options expiring within five days.
