$RDDT 20261023 130.0 PUT$ RDDT: take profit. 

Take off one side of this short strangle setup when RDDT move up yesterday and when at market opens. 

That created opportunity to close off the short put leg with > 90% of max premium while allowing some more time for the short call to work its way. 

The short call strike is at $170 so it's still relatively safe for now. 

Will be looking for suitable exit for the short call leg as well.
RDDT PUT
10-16 21:42
US20261023 130.0
SidePrice | FilledRealized P&L
Buy
Close
0.09
1Lot(s)
+95.16%
Closed
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  • River0
    ·10-17
    That 170 short call still feels safe, but 162 already acted heavy before. Nice put close though — now it’s really about whether momentum fades before that strike gets tested
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