Mixed options sentiment in Snap Inc. with shares down 2.56%

Mixed options sentiment in Snap Inc. (SNAP), with shares down 18c near $7.05. Options volume roughly in line with average with 56k contracts traded and calls leading puts for a put/call ratio of 0.43, compared to a typical level near 0.31. Implied volatility (IV30) dropped 1.93 near 79.87,and above the 52wk median, suggesting an expected daily move of $0.35. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Snap Inc. (SNAP) will report earnings after the close on 2026-02-04.Option markets are pricing in a 50% probability of a move greater than 14.34% or $1.01.