Moderately bullish activity in Snap Inc. (SNAP), with shares down 8c near $7.12. Options volume relatively light with 37k contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 0.41. Implied volatility (IV30) is higher by 0.9 points near 44.84,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.20. Put-call skew flattened, suggesting a modestly bullish tone.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNAP:
- Snap Considers Spinning Off Its AR Glasses into Separate Entity
- Snap Inc. Faces Investor Backlash Over Revenue Claims
- Home Depot, McDonald’s, Snap, Delta, P&G: Executive Stock Sell-Offs Unveiled
- Moderately bullish activity in Snap Inc. with shares up 2.2%
- Nvidia reportedly stops H20 AI chip output for China: Morning Buzz