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$10,000 of Reddit Puts, Bought One Week Ago
We invested $10,000 in Reddit (RDDT) $195 puts at the open one week ago (July 16) at $10.23 per contract (9 contracts, $793 left in cash), expiring July 24. Reddit dropped 15.5% on the week. The position peaked at $25,075 (+151%) and ended at $24,148 (+141%). Honesty notes: contract prices are the option's real hourly market data, July 16-23 ...
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