I have been bullish on $RDDT since my initial entry around liberation day last year. Placed some $200 calls today for Aug-26, Dec-26, and Jun-27 (first image). Holding around 140 shares for an average cost basis of $118 (lots in the second image).
For the option contracts, there are a number of interesting tailwinds for the business following this explosive earnings season, such as continued cash compounding in future earnings calls, S&P inclusion, and renewal of the Google / OpenAI contracts in Q1 2027 (see third image).
For my share position, I am trying to comp out what $RDDT could become as compared to $META (fourth image with $s in billions and users in millions), $RDDT's Adj. Market Cap after removing cash and share buybacks drives you down to \~$26bn. If you believe that Instagram as a comparable company, is 1/3 of $META and then add a 50% margin of safety ("MOS") to the estimate, $RDDT should have a 9.5x growth multiple over the long run, bringing the market cap closer to >$300bn.
Being overly tied to $GOOG isn't necessarily a bad thing for $RDDT, and there are strong synergies for both companies. $RDDT's user base and 20-year data moat of 25bn conversations across 100s of millions of users will likely prove to be a very valuable commodity to all of these AI platforms and help diversify the current revenue concentration from 80% ad-revenue toward secure API data model training for each of the agentic agents.
$RDDT sits on a fortress of a balance sheet with 1000x more cash than debt, strong revenue growth, high EBTIDA margins, low capex, and unbelievable gross margins truly make $RDDT a one-of-one business (see last image).
Plus, I use it every day to hang out with you retards.
YOLO - let me know what you think.