Mixed options sentiment in Snap Inc. (SNAP), with shares down 38c near $8.19. Options volume relatively light with 110k contracts traded and calls leading puts for a put/call ratio of 0.48, compared to a typical level near 0.35. Implied volatility (IV30) is higher by 1.5 points near 55.74,and below the 52wk median, suggesting an expected daily move of $0.29. Put-call skew steepened, indicating increased demand for downside protection.
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