Reddit (RDDT) is up 37% today after earnings and I wanted to provide a quick update.

We're down to our final 25%, and I'm going to let it ride for now.

Its report was so strong that the actually could extend even higher as it's perceived as a premier mega-growth story.

So for now, as long as it holds the $99 to $104 area, it has the potential for higher prices.

As for the Eli Lilly (LLY) calls, in all likelihood, they will be a zero.

This is always the risk with options on binary events.

But it's also why I use options for earnings - so I can define my risk down to the dollar.

-Scott