Reddit Inc.'s stock-trading enthusiasts made it a household name by backing companies that Wall Street wouldn’t. For Reddit’s own initial public offering, a group of them are about to flip the script.
In the days after the social-media company filed for an IPO, thousands of members of the WallStreetBets forum — which boasts around 15 million users and helped popularize meme stocks like GameStop Corp. — voted to boost a forum post about shorting the company, a sharp reversal of their typically bullish ways. Their avowed reasons varied from the company’s lack of profitability to competitive concerns, and mostly centered on spite.
(paywalled on Bloomberg website)
How do I buy a put option on an IPO?
You can buy naked short, but you need big $$ for that.
You might some betting markets, but thats kinda sketch.
Only realistic option for plebs is to wait the 30 days for the options to go live. But it will prob be delisted by then.
I have no idea; am not active in that sub and just posted the story.
Perhaps someone else can chime in.