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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNAP:
- Snap management to meet with KeyBanc
- Snap price target raised to $10 from $8.50 at Citi
- Why Stronger Results Still Fall Short for Snapchat Stock (SNAP) Bulls
- AI Daily: SoftBank sells Nvidia stake, AMD to outline AI chip plans
- META Stock Falls as WhatsApp Braces for Tougher EU Content Moderation Rules