Mixed options sentiment in Snap Inc. with shares up 0.27%

Mixed options sentiment in Snap Inc. (SNAP), with shares up 2c, or 0.27%, near $9.36. Options volume relatively light with 49k contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 0.43. Implied volatility (IV30) dropped 0.89 near 88.58,and above the 52wk median, suggesting an expected daily move of $0.52. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Snap Inc. (SNAP) will report earnings after the close on 2025-08-05.Option markets are pricing in a 50% probability of a move greater than 17.75% or $1.66.