Mixed options sentiment in Snap Inc. (SNAP), with shares up 28c, or 3.46%, near $8.21. Options volume more than double the daily average with 118k contracts traded and puts leading calls for a put/call ratio of 1.18, compared to a typical level near 0.46. Implied volatility (IV30) dropped 2.35 near 46.85,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.24. Put-call skew steepened, indicating increased demand for downside protection.
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