What move does the options market price into Reddit's report?

Implied ±8.3%, either direction.

RDDTNYSEServices-Computer Processing & Data Preparation

Reddit, Inc. (RDDT) earnings date, market-implied expected move, and options open interest by expiry

91.73

−37.87 · −29.22%

post 92.35 +0.68%

Closed19:58 ET

Open101.08Volume33.2MMkt cap$17.7BP/E17.76EPS5.20

Day89.95 – 105.5415%52-wk89.28 – 263.502%

RDDT

Reddit, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±8.3%implied · report alone

84.1399.33

straddle ±25.0%

spot 91.73exp Feb 19ATM strike 90ATM straddle 26.95IV 67%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Feb 4

after close · in 97 days

est.Q4 FY26

Calendar

Next report

Last report

−29.22%

vs ±10.8% implied · ×2.70

shaded = implied · ▲▼ = realized

Oct 29 '26 · confirmed

Implied vs realized

Linked news

4hDV · supplierDoubleVerify Q3 net income $15,929 thousand, revenue $205,638 thousand
8hGOOGL · supplierGoogle lost nearly half a trillion this week. Here's how Mike Khouw is trading it
10hAMZN · supplierAmazon falls 2%, Intel dives 29%, as tech stocks sell off in post-earnings rout

News

Largest filed tie

13F top-10 QoQ

+3.08%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

905 managers

Top fund weight

0.34%

RDDT weight · IGPT

N-PORTJul 31 '26

6 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Reddit (RDDT) is expected to report on Feb 4 after close (estimated date).

Implied vs realized

2 reports

—≥ implied

Q2 FY26Jul 30 '26confirmed—▼−20.99%—

Q3 FY26Oct 29 '26confirmed±10.8%▼−29.22%×2.70

quarterimplied−30%0+30%realized×

Q3 FY26±10.8%▼−29.22%×2.70

Q2 FY26—−20.99%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 10 expiries · Oct 28 close

1.83OI · 10 expiries · Oct 28 closeP/C open interest · Feb 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

5 nearer expiries

5,893+13%Nov 67d0.876,790+25%0.87

2,874+16%Nov 1314d1.252,305+19%1.25

22,764+3%Nov 2021d0.9025,320+19%0.90

756+3%Nov 2728d2.19345−1%2.19

519+228%Dec 435d3.58145+368%3.58

12,218−1%Dec 1849d0.8015,268+9%0.80

64,446+1%Jan 1577d0.7982,061+2%0.79

report · Feb 4 · after close · est.

ExpiryPutsCallsP/C

5 nearer expiries

Nov 67d5,893+13%6,790+25%0.87

Nov 1314d2,874+16%2,305+19%1.25

Nov 2021d22,764+3%25,320

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±25.0%

Funds 4

IGPT±0.1%

FTC±0.1%

VUG±0.0%

VTI±0.0%

Dashed = straddleMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

31.65%as filednet margin · revenue +11.19% QoQ · +53.01% YoY

Revenue

$895M+11.19% QoQ

Gross profit

$819M+11.51% QoQ

91.53% margin

Operating income

$262M+12.89% QoQ

29.23% margin

Pre-tax income

$289M+12.54% QoQ

Net income

$283M+12.03% QoQ

31.65% margin

Cost of revenue

$76M+7.79% QoQ

Operating expenses

$558M+10.88% QoQ

R&D $264M

Marketing $209M

SG&A $85M

Tax

$6M+45.10% QoQ

Other income

$27M+9.33% QoQ

Revenue$895M+11.19%

Gross profit

$819M+11.51%

91.53% margin

Operating income

$262M+12.89%

29.23% margin

Pre-tax income

$289M+12.54%

Net income

$283M+12.03%

31.65% margin

Cost of revenue

$76M+7.79%

Operating expenses

$558M+10.88%

R&D $264M

Marketing $209M

SG&A $85M

Other income$27M+9.33%

Tax$6M+45.10%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 19:45 ET

Intraday

Event sensitivity

CPROF ×1.12· ±4.0% vs ±3.6% · 12 releases

eventrelease day|move|up · n×base

CPROFcorporate profits±4.0%5 of 12×1.12

NFPjobs report±3.8%2 of 10×1.07

PPIproducer prices±3.3%6 of 11×0.93

GDPgross domestic product±3.2%9 of 19×0.89

CPIconsumer prices±3.1%7 of 11×0.87

FOMCrate decision±2.9%9 of 20×0.82

PCEpersonal income & outlays±2.6%11 of 19×0.74

Bar = avg |move| to ±5% · tick = ±3.6% avg day · ×base = |move| ÷ ±3.6% · min 6 releases

Earnings history

EPS 1.25 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Jul 30 '26 · confirmed	1.25	—
Q1 FY26	—	1.01	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod