RDDT Earnings Play: Monitor for Options Volatility

Reddit (RDDT) has upcoming earnings on October 30th, which is likely to introduce significant price volatility. The original poster is expressing concern over a short position, indicating a potential bearish outlook from their side. For investors seeking to capitalize on earnings-related movements, monitoring pre-earnings sentiment (e.g., put/call volume ratios) could be beneficial. High implied volatility before earnings might make non-directional strategies like straddles or strangles attractive for those expecting a large move in either direction, while directional bets would require a strong conviction on the earnings outcome. Given the 'gamble' nature mentioned in comments, risk management is crucial.