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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