Moderately bullish activity in Snap Inc. (SNAP), with shares down 26c near $8.26. Options volume running well above average with 344k contracts traded and calls leading puts for a put/call ratio of 0.83, compared to a typical level near 0.24. Implied volatility (IV30) is higher by 2.0 points near 104.14, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.54. Put-call skew flattened, suggesting a modestly bullish tone.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNAP:
- Snap price target raised to $8 from $7 at Wells Fargo
- Snap Inc. call volume above normal and directionally bullish
- Lyft, Snap, Alphabet, Airbnb, Pinterest: Trending by Analysts
- U.S. TikTok could be valued at just $14B, The Information reports
- SNAP Hit with Class Action Lawsuit over Advertising Revenue Concerns