Mixed options sentiment in Snap Inc. (SNAP), with shares down 2c near $4.62. Options volume relatively light with 58k contracts traded and calls leading puts for a put/call ratio of 0.22, compared to a typical level near 0.3. Implied volatility (IV30) dropped 1.11 near 57.87,and below the 52wk median, suggesting an expected daily move of $0.17. Put-call skew flattened, suggesting a modestly bullish tone.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNAP:
- AI Daily: Microsoft weighs legal action against Amazon, OpenAI
- Microsoft reorganizing Copilot executive group, CNBC reports
- Elon Musk’s X Turns to Charm Offensive after EU Fine over Blue Checkmark
- Mixed options sentiment in Snap Inc. with shares down 3.4%
- UK Regulators Push Meta, Social Media Firms to Enforce Stricter Age Rules, Weigh Ban for Under 16s