Reddit shares up 48% after going public. 

No profit since launch in 2005. 

Bullish bets on Reddit options surge. 

Top gainer on NYSE, up 15%. 

Active trading, 39,000 options by 1:10 p.m. 

April call options most traded. 

Calls for buying, puts for selling. 

Retail investors drive Reddit trading. 

Similar to meme stocks like GameStop. 

Speculators dominate trading activity. 

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