Moderately bullish activity in Snap Inc. (SNAP), with shares down 22c near $7.05. Options volume roughly in line with average with 91k contracts traded and calls leading puts for a put/call ratio of 0.39, compared to a typical level near 0.33. Implied volatility (IV30) is higher by 0.9 points near 48.33,in the bottom quartile of the past year, suggesting an expected daily move of $0.21. Put-call skew flattened, suggesting a modestly bullish tone.
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