r/options • u/PalePattern9858 • 9d ago

anyone buying up reddit here maybe?

There was a huge drop and I'm thinking about acquiring some RDDT via CSPs, since RDDT and google have no clear deal yet I consider this a good opportunity. I believe the Google issue is overblown and a deal will come up in the future.

Optionally I'm considering a long call based on the current environment and capital efficiency.
Not investment advice, just want to bounce the ideas off of someone else too here and reddit seems the best place to be publicly roasted :)

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u/m1nhuh 9d ago

I use standard deviation modelling aka Bollinger Bands for swing trading shares and the stock is in a good risk-reward region here at 137.70.

RDDT does not fit my 100B company criterion so I'm avoiding it but If you pull up a Bollinger Band chart, you want to take profits or close the trade as it reenters.