Mixed options sentiment in Snowflake (SNOW), with shares up $3.56, or 1.6%, near $225.46. Options volume relatively light with 56k contracts traded and calls leading puts for a put/call ratio of 0.51, compared to a typical level near 0.6. Implied volatility (IV30) dropped 0.96 near 33.9,in the lowest 10% of observations over the past year, suggesting an expected daily move of $4.81. Put-call skew steepened, indicating increased demand for downside protection.
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