Mixed options sentiment in Snap Inc. (SNAP), with shares down 8c near $7.22. Options volume relatively light with 109k contracts traded and calls leading puts for a put/call ratio of 0.35, compared to a typical level near 0.35. Implied volatility (IV30) dropped 0.98 near 47.35,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.22. Put-call skew steepened, indicating increased demand for downside protection.
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