Reddit's $RDDT Surges 50% in Options Trading and 16% in Stock Price

Reddit's stock $RDDT saw significant activity with options trading, experiencing a 50% increase from the previous day's pre-market. Recent IPOs $ALAB and $RDDT both surged by 16%. $RDDT options debuted with notable numbers, potentially leading to substantial stock movements. $RDDT and $DJT were both trading at $72, showing alignment. $RDDT's valuation is at 11x revenue, with management granting 8% equity to redditors.