Mixed options sentiment in Snap Inc. (SNAP), with shares up 30c, or 3.93%, near $7.79. Options volume roughly in line with average with 45k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.36. Implied volatility (IV30) dropped 1.01 near 44.85,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.22. Put-call skew steepened, indicating increased demand for downside protection.
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