Mixed options sentiment in Snap Inc. (SNAP), with shares down 12c near $8.41. Options volume running well above average with 325k contracts traded and calls leading puts for a put/call ratio of 0.18, compared to a typical level near 0.26. Implied volatility (IV30) dropped 1.33 near 62.23,and above the 52wk median, suggesting an expected daily move of $0.33. Put-call skew steepened, indicating increased demand for downside protection.
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