Communication Services

Reddit, Inc. (RDDT) options and signal

Figures as of 28 Sep 2026

RDDT is Reddit, Inc., a Communication Services name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
IV rank	42 of 100	28 Sep
At the money IV	67.8%	28 Sep
Priced move to 30 Oct	19.1% down, 21.0% up	28 Sep
Call wall and put wall	220 and 115	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	143.08	28 Sep
Next report	29 Oct 2026	28 Sep

Options Snapshot

RDDT's IV rank is 42 of 100 on 28 Sep 2026.

Figure	Value
IV rank	42 of 100
At the money IV	67.8%, near month, 32 days
Put/call ratio, open interest	0.97
Call open interest, strikes captured near the price	131,000 contracts
Put open interest, strikes captured near the price	127,000 contracts
Cost to trade at the money	Tight, 10.5% of the option's mid price

IV rank is where the at the money IV sits among RDDT's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, RDDT options priced a move of 19.1 percent down and 21.0 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	5.7%	6.1%	134.86 to 151.86
9 Oct 2026	11	9.2%	9.9%	129.98 to 157.28
23 Oct 2026	25	14.3%	14.7%	122.58 to 164.18
30 Oct 2026	32	19.1%	21.0%	115.78 to 173.08
20 Nov 2026	53	24.7%	26.3%	107.78 to 180.68
18 Dec 2026	81	29.1%	31.3%	101.38 to 187.88
19 Feb 2027	144	43.6%	44.2%	80.68 to 206.28

The range is one standard deviation either side of the close of 143.08, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, RDDT's call wall is the 220 strike and its put wall is the 115 strike.

Figure	Value
Call wall, most open call gamma	220
Put wall, most open put gamma	115
Flip strike, where net gamma changes sign	152.3
Net dollar gamma, calls minus puts	minus $11.52 million
Total dollar gamma, both sides	$50.97 million
Close	143.08

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, RDDT's at the money IV is 67.8 percent against 20 day realized volatility of 55.6 percent.

Figure	Value
At the money IV	67.8%
Realized volatility, 20 trading days	55.6%
Realized volatility, 60 trading days	79.3%
IV against its own weekly record	In the middle
Weekly readings on record	107, from 29 Mar 2024
Weeks the price moved more than the one week priced move	31.1% of 106 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Weather

On 28 Sep 2026, RDDT's at the money IV runs from 56.3 percent at 4 days to 69.4 percent at 144 days.

Days to expiry	At the money IV
4	56.3%
11	53.6%
18	55.6%
25	57.1%
39	66.1%
53	66.6%
81	64.4%
144	69.4%

Far expiries price more volatility than near ones, an upward sloping term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 32 day expiry, RDDT's IV ten percent below the price sits 1.2 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	69.1%	+1.2 points
At the money	67.8%	0.0 points
10% above the price	68.5%	+0.6 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, RDDT's surface spans 10 expiries out to 144 days, with IV from 51.8 to 70.5 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more	72
Lowest IV among them	51.8%
Highest IV among them	70.5%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, RDDT has 10 captured expiries, from 2 Oct 2026 to 19 Feb 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	56.3%	11,633	14,041
9 Oct 2026	11	53.6%	2,772	5,615
16 Oct 2026	18	55.6%	23,214	22,275
23 Oct 2026	25	57.1%	2,270	3,643
30 Oct 2026	32	67.8%	1,892	2,555
6 Nov 2026	39	66.1%	49	138
20 Nov 2026	53	66.6%	11,850	13,016
18 Dec 2026	81	64.4%	11,294	11,223
15 Jan 2027	109	63.3%	65,621	54,676
19 Feb 2027	144	69.4%	7	63

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, RDDT's largest open interest sits at the 220 strike, with 32,668 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
220	30,118	2,550	32,668
115	190	30,608	30,798
120	650	12,117	12,767
170	9,341	3,235	12,576
150	5,835	6,375	12,210
160	8,594	3,446	12,040

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, RDDT's at the money IV moved from 56.2 percent to 67.8 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	56.2%	67.8%	+11.7 points
Open interest, strikes captured near the price	270,353	257,847	-12,506
Put/call ratio, open interest	0.93	0.97	+0.04

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 46,072 RDDT option contracts traded, 1.1 times its own recent average.

Figure	Value
Calls traded	23,095
Puts traded	22,977
Against its recent average	1.1 times
Busier than	14 of its last 20 trading days
Open interest, whole chain	375,180 contracts
Volume to open interest	0.12
Unusual volume flag	Yes, 4 contracts traded well above open interest
Largest flagged contract	The 150 call expiring 2 Oct, 2,072 traded against 357 open

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of RDDT's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	156.19	$354,529	160	150
21 Sep 2026	158.73	$12.25 million	155	150
28 Sep 2026	143.08	minus $11.52 million	220	115

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of RDDT was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	147.77, the swing high of 23 Sep 2026
Level below the close	135.22, the swing low of 31 Jul 2026
Strategy family	Long straddle (buy a call and a put at the same strike)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Rank by Timeframe

On 25 Sep 2026 RDDT sat at the 34th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	22 of 100	Neutral
20 trading days	60 of 100	Neutral
45 trading days	34 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026 RDDT's near timeframes were neutral and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Signal History

On 25 Sep 2026 RDDT had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	34 of 100
24 Sep 2026	None	24 of 100
23 Sep 2026	None	17 of 100
22 Sep 2026	None	9 of 100
21 Sep 2026	None	84 of 100
18 Sep 2026	None	95 of 100
17 Sep 2026	None	78 of 100
16 Sep 2026	None	23 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Sector Split

On 25 Sep 2026, 10 of 37 Communication Services names were bullish and 12 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Communication Services	37	10	12	15

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Price Chart

RDDT closed at 143.08 on 28 Sep 2026.

Figure	Value
Last close	143.08
Change over 5 trading days	-9.9%
Change over 21 trading days	-7.1%
Change over 63 trading days	-18.0%
Change over 252 trading days	-38.5%
52 week high	263.50
52 week low	119.27
20 day moving average	153.26
50 day moving average	158.75
200 day moving average	170.20
RSI, 14 days	40

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

RDDT reports next on 29 Oct 2026, and options priced an earnings move of 16.4 percent through 30 Oct 2026.

Figure	Value
Next report	29 Oct 2026, after the close
Date	Confirmed by the company
Priced earnings move	16.4%, a straddle of $23.47 at the 145 strike, expiring 30 Oct 2026
Move after the report of 30 Jul 2026	-21.0%
Move after the report of 30 Apr 2026	+13.1%
Move after the report of 28 Jan 2026	-1.6%
Move after the report of 1 May 2025	-4.2%

The priced earnings move is the straddle's cost over the share price. It restates option prices and says nothing certain about the report.

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Seasonality

In the 2 Septembers on record, RDDT's average change was plus 6.0 percent, and it rose in 100.0 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+6.0%	+6.0%	100.0%	2
October	+35.9%	+35.9%	50.0%	2
November	+10.8%	+10.8%	100.0%	2

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 8 headlines naming RDDT in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	8
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is RDDT's IV rank?: RDDT's IV rank is 42 of 100 on 28 Sep 2026.
What move are RDDT options pricing?: On 28 Sep 2026, RDDT options priced a move of 19.1 percent down and 21.0 percent up by 30 Oct 2026.
Where are RDDT's call wall and put wall?: On 28 Sep 2026, RDDT's call wall is the 220 strike and its put wall is the 115 strike.
What was the desk's latest view of RDDT on the Free plan?: On 25 Sep 2026 the desk's view of RDDT was neutral, paper trading.
When does RDDT report earnings next?: RDDT reports next on 29 Oct 2026, and options priced an earnings move of 16.4 percent through 30 Oct 2026.

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