Mixed options sentiment in Snap Inc. (SNAP), with shares down 28c near $5.57. Options volume relatively light with 116k contracts traded and calls leading puts for a put/call ratio of 0.36, compared to a typical level near 0.2. Implied volatility (IV30) dropped 0.41 near 89.62,in the top quartile of the past year, suggesting an expected daily move of $0.31. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Snap Inc. (SNAP) will report earnings after the close on 2026-05-06.Option markets are pricing in a 50% probability of a move greater than 14.59% or $0.81.
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