Reddit's stock rallied 16% after its market debut, with options trading volume expected to reach 62,000 contracts.
Reddit options saw a surge in bullish bets on Monday, with the social media platform's stock rallying 16% after its strong market debut last week. Reddit shares increased 48% in the New York Stock Exchange's first day of trading, despite no annual profit since its 2005 launch. The stock was among the top gainers on the exchange, with options trading volume expected to reach 62,000 contracts by the end of the day.
March 25, 2024
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