Mixed options sentiment in Snap Inc. with shares down 1.69%

Mixed options sentiment in Snap Inc. (SNAP), with shares down 16c near $9.61. Options volume running well above average with 72k contracts traded and calls leading puts for a put/call ratio of 0.37, compared to a typical level near 0.44. Implied volatility (IV30) dropped 0.21 near 88.84,and above the 52wk median, suggesting an expected daily move of $0.54. Put-call skew flattened, suggesting a modestly bullish tone.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 18.32% or $1.76.