Mixed options sentiment in Snap Inc. (SNAP), with shares up 12c, or 2.47%, near $5.20. Options volume relatively light with 81k contracts traded and calls leading puts for a put/call ratio of 0.19, compared to a typical level near 0.32. Implied volatility (IV30) dropped 0.65 near 59.2,and above the 52wk median, suggesting an expected daily move of $0.19. Put-call skew steepened, indicating increased demand for downside protection.
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