EricVaughan
03-21

$Reddit(RDDT)$

Premiums will likely be sky high on all options in the first few days they trade. That said, I’d consider selling naked calls instead. I’d rather collect cash in my account when premiums are high and take advantage of the likely erosion to buy them back much cheaper. BUT, you have to have the approval to trade naked options to do this.

Reddit is Sinking! Will You Short the Meme Stock?
Reddit CEO Steve Huffman and other top executives and board members late Wednesday disclosed share sales, just a week after the social network had in its initial public offering. RDDT stock plunged Thursday. ------------ Is Reddit with insider selloff and short-sellers' move? What's your target price for Reddit?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
3