Mixed options sentiment in Snap Inc. (SNAP), with shares down 8c near $5.89. Options volume relatively light with 61k contracts traded and calls leading puts for a put/call ratio of 0.47, compared to a typical level near 0.21. Implied volatility (IV30) dropped 3.2 near 59.12,and below the 52wk median, suggesting an expected daily move of $0.22. Put-call skew flattened, suggesting a modestly bullish tone.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNAP:
- Amazon Stock (AMZN) Feels the Heat of Yet Another Outage
- Snap Inc. Warns Activist Investors Could Disrupt Long-Term Strategy and Heighten Stock Volatility
- Snap Inc. Earnings Call Signals Turnaround Momentum
- Morning Movers: Planet Fitness and Zoetis sink after quarterly results
- Snap price target lowered to $8 from $10 at RBC Capital