Mixed options sentiment in Snap Inc. (SNAP), with shares up 8c, or 1.35%, near $5.62. Options volume relatively light with 43k contracts traded and calls leading puts for a put/call ratio of 0.16, compared to a typical level near 0.3. Implied volatility (IV30) dropped 2.29 near 60.17,and below the 52wk median, suggesting an expected daily move of $0.21. Put-call skew steepened, indicating increased demand for downside protection.
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