Mixed options sentiment in Snap Inc. (SNAP), with shares down 12c near $7.42. Options volume roughly in line with average with 129k contracts traded and calls leading puts for a put/call ratio of 0.78, compared to a typical level near 0.42. Implied volatility (IV30) dropped 1.94 near 47.34,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.22. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Market Perform at Citizens JMP.
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