Options volume is relatively light, with 53k contracts traded and calls leading puts for a put/call ratio of 0.6, compared to a typical level near 0.48. Implied volatility (IV30) dropped 0.94 to 51.14,below the median, suggesting an expected daily move of $0.27. Put-call skew flattened, suggesting a modestly bullish tone.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNAP: