3 Options Plays to Maximize Your Reddit Stock Gains
AITApplied Industrial Technologies(AIT) InvestorPlace·2024-05-06 15:43

It’s been three weeks since Reddit (NYSE:RDDT) priced its shares at $34 for its initial public offering. Reddit stock gained 48.4% in its first-day return. By Mar. 26, it traded as high as $74.90, more than double its IPO price. One reason RDDT stock did so well early in its run as a public company was the launch of options for the community platform company. Approximately 90,000 options traded on Mar. 25, the first day they were available. “The action is on the call side and collected around the upside,” R ...