Mixed options sentiment in Snap Inc. with shares up 3.4%

Mixed options sentiment in Snap Inc. (SNAP), with shares up 18c, or 3.4%, near $5.33. Options volume running well above average with 91k contracts traded and calls leading puts for a put/call ratio of 0.16, compared to a typical level near 0.27. Implied volatility (IV30) dropped 0.29 near 91.32,in the top quartile of the past year, suggesting an expected daily move of $0.31. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Snap Inc. (SNAP) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.