Moderately bullish activity in Snap Inc. (SNAP), with shares down 10c near $5.92. Options volume roughly in line with average with 48k contracts traded and calls leading puts for a put/call ratio of 0.42, compared to a typical level near 0.24. Implied volatility (IV30) is higher by 0.6 points near 86.37,and above the 52wk median, suggesting an expected daily move of $0.32. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Snap Inc. (SNAP) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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