Mixed options sentiment in Snap Inc. with shares down 1.18%

Mixed options sentiment in Snap Inc. (SNAP), with shares down 12c near $9.62. Options volume relatively light with 17k contracts traded and calls leading puts for a put/call ratio of 0.33, compared to a typical level near 0.43. Implied volatility (IV30) dropped 0.57 near 89.18,and above the 52wk median, suggesting an expected daily move of $0.54. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Snap Inc. (SNAP) will report earnings after the close on 2025-08-05.Option markets are pricing in a 50% probability of a move greater than 15.81% or $1.52.