Reddit (RDDT) spreader of 1848 contracts of May 1 weekly 142 puts and 160 calls

Reddit (NYSE: RDDT) 30-day option implied volatility is at 87; compared to its 52-week range of 56 to 98. Call put ratio 1.3 calls to 1 put with a focus on a spreader of 1848 contracts of May 1 weekly 142 puts and 160 calls.

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