Mixed options sentiment in Snap Inc. (SNAP), with shares down 16c near $7.09. Options volume relatively light with 106k contracts traded and calls leading puts for a put/call ratio of 0.37, compared to a typical level near 0.36. Implied volatility (IV30) dropped 0.91 near 48.65,in the bottom quartile of the past year, suggesting an expected daily move of $0.22. Put-call skew steepened, indicating increased demand for downside protection.
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