Options activity suggests that Reddit Inc. Class A (NYSE: RDDT) may see its share price move about 12% when the company announces quarterly results on July 30 after the market close, according to options data compiled by Bloomberg.
The options-implied move is a forward-looking measure derived from option prices and reflects traders' expectations for how much the stock might swing around an earnings release. For Reddit, the implied magnitude ahead of the July 30 report stands at roughly 12%.
Looking back at the company's recent earnings history, actual market reactions have not always aligned with those implied ranges. Across the last eight quarterly reports, Reddit's stock has posted moves larger than the options-implied estimate on three occasions.
Notable recent outcomes include the April 30 report, the most recent quarter, when shares rose 1.3% - a result well inside the 12.1% move the options market had priced in. By contrast, an earlier February report saw shares fall 27.6%, a decline that outstripped the options-implied move of 10.1%.
Some past earnings days generated very large market reactions. On October 29, 2024, Reddit stock jumped 47.7% when the options market had implied a 10.7% move. Another pronounced positive reaction occurred on July 31, 2025, when shares rose 29.1% despite an implied move of 14.2%.
There have also been quarters where the stock changed direction but by less than the options-implied estimate. On February 12, 2025, shares declined 4.8% versus an implied move of 16.2%. On August 6, 2024, the stock fell 15.5% compared with a 17.3% implied move.
These data points illustrate that while the options market provides a quantified expectation for earnings-period volatility, actual stock performance around results has varied widely for Reddit - from relatively muted moves to dramatic swings that far exceeded implied ranges.
Investors and traders watching the July 30 report will be comparing the company's actual post-earnings move to the roughly 12% implied by options, mindful that past quarters have produced both undershoot and overshoot outcomes relative to implied moves.