Mixed options sentiment in Snowflake (SNOW), with shares up $5.30, or 2.46%, near $220.59. Options volume relatively light with 38k contracts traded and calls leading puts for a put/call ratio of 0.67, compared to a typical level near 0.62. Implied volatility (IV30) dropped 0.92 near 34.03,in the bottom quartile of the past year, suggesting an expected daily move of $4.73. Put-call skew steepened, indicating increased demand for downside protection.
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