Posts  / RDDT  / #POST-219298
REDDIT

With the recent selloff in RDDT, is selling Puts the best options strategy?

Like many on this platform, I think RDDT has great long term investment potential. The chart is an absolute mess. RDDT has a 52 week trading range from roughly 80-283 and the current price of 140. Selling to open a May expiration $100 strike put would credit $500 which is about 3.6% of the underlying and captures April earnings. I would be happy to own RDDT at 100.

Am I crazy for considering this? And Is there a better way to play this with options? Thanks for any thoughts or feedback.