🐋 RDDT: Someone Just Sold $12M of Downside to Own Reddit at $98 — That's a Bet You Don't Make Unless You're Very, Very Sure
Institutional whale drops $12M on RDDT options. Someone just pocketed $12 MILLION in premium selling a deep in-the-money put on Reddit — and in doing so, committed to buying RDDT stock at an effective cost basis of ~$98.60. With Full analysis with gamma levels, implied moves, and three trading strat