Mixed options sentiment in Snap Inc. (SNAP), with shares down 24c near $7.68. Options volume relatively light with 45k contracts traded and calls leading puts for a put/call ratio of 0.35, compared to a typical level near 0.35. Implied volatility (IV30) is higher by 0.2 points near 45.71,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.22. Put-call skew steepened, indicating increased demand for downside protection.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNAP:
- Game On: PIF set to take nearly full ownership of Electronic Arts
- Snap Expands Board with New Director Appointment
- Berkshire Hathaway names Michael O’Sullivan as General Counsel
- Midday Fly By: Netflix to buy Warner Bros., HP Enterprise posts mixed Q4
- Russia blocks Snapchat, Roblox citing ‘terrorist activities’, BI reports