$RDDT Q4 Setup: Election Volatility + Market Chaos = Upside Potential? $220 02/14 Calls
Looking at $RDDT's Q3 earnings, combined with the likelihood of increased user activity in Q4 (driven by the U.S. election and significant market volatility), I’m optimistic Reddit could outperform estimates again this quarter. There seems to be a clear correlation between high-profile global events or market turbulence and Reddit’s revenue growth—more debates, more engagement, and more ad dollars.
Despite its growth trajectory, I believe Reddit remains one of the most underappreciated media plays. Its relevance as a platform in times of heightened public discourse makes it a strong candidate for long-term growth, yet it continues to be overlooked—likely because much of Wall Street boomers don't frequent reddit like we do.
Here’s my trade idea:
- $220 calls expiring February 14, currently priced at $4.7. Hoping Reddit will be my Valentine and deliver some love in the form of gains—because who needs a man when you can have unlimited tendies? JK also looking for a husband in case you are interested.
- The plan is to sell before or right after their earnings release scheduled on February 12.
What’s your take? Are you seeing similar upside here, or am I just staring at this chart through rose-colored glasses?