Loading chart...Two charts are displayed for RDDT over the past 365 days — adjusted close and volume, both on the same timeline.

You can now visually compare: yesterday's drop aligned with the volume bar right beneath it on the same date. If the volume bar is noticeably taller than the prior days' average, the sell-off came on elevated volume — which often signals stronger conviction behind the move. If it's in line or below average, the drop was more likely noise or low-participation drift.

The two charts are already displayed — both cover the same 365-day timeline, with the adjusted close on top and volume directly below, aligned by date. You can hover over any date on either chart to see the exact values.

Loading chart...

Loading chart...Two separate charts now — Chart 1 is RDDT adjusted close, Chart 2 is RDDT volume. Both span the same 365-day timeline so you can directly compare yesterday's price drop against the corresponding volume bar.

Not necessarily — high volume alone doesn't tell you who was behind the trade. Here's what to consider:

What high volume on a down day can mean: - Institutional selling is one possibility, since large funds move size and leave footprint - But it can also be algorithmic/hedge fund unwinding, stop-loss cascades, or retail panic selling that snowballed - High volume on a drop often just means conviction — sellers were motivated, and buyers were there to absorb it

What you'd look at to gauge institutional involvement: - Block trades — large print sizes (10k+ shares) indicate institutions - Dark pool volume vs lit exchange volume — institutions often route through dark pools to minimize market impact - 13F filings — but those are quarterly and backward-looking - Options flow — unusually large put buying or call selling on the same day - After-hours/pre-market — institutional trades often print outside regular hours

Would you like me to pull up RDDT's option chain to check if there was heavy put activity yesterday, or search for any news/catalyst that might explain the drop?

Good question. Here's what the options data (as of July 21 close, for July 22 expiry) tells us:

Put/Call volume ratio at key strikes suggests hedging, not panic dumping:

• The heaviest put volume on July 22 expiry was at the $170 strike (1,495 contracts) and $172.50 (1,608), both well below the stock's ~$170-ish level — these look like portfolio hedges, not outright bearish bets
• The $180 call saw 1,975 contracts vs the $180 put at just 159 — call volume dominated

IV skew: - Put IV at near-the-money strikes (e.g., $170 put IV: 86%, $180 put IV: 81%) was actually slightly lower than call IV at equivalent distances ($170 call IV: 90%, $180 call IV: 86%) - Normally if institutions were loading up on downside protection or outright puts ahead of bad news, you'd see put IV spike above call IV. That didn't happen here

Open interest: - Most of the volume across strikes was concentrated in calls with relatively low put OI relative to volume, suggesting a lot of the put activity was day trades rather than new positioning

Bottom line: The options flow doesn't point to institutional dumping. The put volume that did trade was concentrated at strikes well below the stock price, consistent with hedging rather than directional bets. Meanwhile, call volume remained elevated. This looks more like broad market or sector pressure rather than a Reddit-specific institutional exit.

Would you like me to check for any news or catalyst around that date?

Yes — July 22, 2026 was a Wednesday, and as you can see in the option chain, the July 24 expiry was the nearest weekly expiration, just two days later. But more importantly, standard monthly options expire on the third Friday of each month, which was July 17, 2026 — just one trading day before July 22.

So what likely happened on July 22 was a combination of:

1. Post-OPEX (options expiration) repositioning After monthly OPEX on July 17, dealers unwind hedges and traders re-establish positions. The first few days after a large monthly expiration often see elevated volume as the gamma/delta hedges from the expired contracts come off and new positions are layered in for the next cycle.

2. T+2 settlement of July 17 expiry Exercised/assigned shares from the July monthly expiration settle T+2, so those stock deliveries would have hit on July 21 or 22, creating additional volume.

3. The data supports this Looking at the July 24 weekly chain, the heaviest trading happened at strikes like $180 calls (1,975 vol), $170 puts (1,495 vol), and $172.50 puts (1,608 vol) — this is consistent with the post-OPEX roll activity where traders shift from the expired monthly to the next weekly or monthly series.

So yes, the expiry calendar explains a good portion of the elevated volume you saw on July 22. It wasn't necessarily a fundamental signal — more likely mechanical repositioning after monthly OPEX.