Reddit power users balk at chance to participate in IPO as Wall Street debut nears
Reddit power users balk at chance to participate in IPO as Wall Street debut nears
Reddit is inviting some users to participate in its IPO this week, but moderators told CNBC that they're not taking the company up on its offer.
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If by participate you mean buy puts, I've been saving my pennies.
This is the way.
I started looking into options recently because of the IPO tomorrow haha. I won't do it because it's too risky and I'm too new to investing but I think a lot of money could be made on puts. I bet RDDT drops 50% within 2 years, I also think the fediverse will pose a significant threat to their market share within 5 years.
That's pretty smart, but if you do decide to start playing options, just don't get into the wsb thing about playing weeklies, go at least 45 days out. Also, if you happen to have the capital, delta-neutral strategies can work for some more consistent gains on tickers that don't bounce around too much. I agree with you on RDDT though, they're poorly positioned and selling content for LLM purposes isn't going to be the revenue stream they think it will be.