Mixed options sentiment in Snap Inc. (SNAP), with shares up 4c, or 0.81%, near $5.59. Options volume relatively light with 48k contracts traded and calls leading puts for a put/call ratio of 0.58, compared to a typical level near 0.24. Implied volatility (IV30) dropped 0.27 near 57.42,and below the 52wk median, suggesting an expected daily move of $0.20. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Hold at Freedom Broker.
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