Moderately bullish activity in Snap Inc. (SNAP), with shares down 8c near $4.54. Options volume relatively light with 20k contracts traded and calls leading puts for a put/call ratio of 0.57, compared to a typical level near 0.3. Implied volatility (IV30) is higher by 1.9 points near 59.73,and above the 52wk median, suggesting an expected daily move of $0.17. Put-call skew flattened, suggesting a modestly bullish tone.
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