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Mixed options sentiment in Snap Inc. with shares up 3.59%

Mixed options sentiment in Snap Inc. (SNAP), with shares up 32c, or 3.59%, near $9.38. Options volume roughly in line with average with 95k contracts traded and calls leading puts for a put/call ratio of 0.31, compared to a typical level near 0.44. Implied volatility (IV30) dropped 3.91 near 87.63,and above the 52wk median, suggesting an expected daily move of $0.52. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Snap Inc. (SNAP) will report earnings after the close on 2025-08-05.Option markets are pricing in a 50% probability of a move greater than 19.85% or $1.86.

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