Mixed options sentiment in Snap Inc. (SNAP), with shares down 2c near $8.03. Options volume relatively light with 66k contracts traded and calls leading puts for a put/call ratio of 0.19, compared to a typical level near 0.23. Implied volatility (IV30) is higher by 0.2 points near 102.56,in the top quartile of the past year, suggesting an expected daily move of $0.52. Put-call skew steepened, indicating increased demand for downside protection.
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