Moderately bullish activity in Snap Inc. (SNAP), with shares down 32c near $5.76. Options volume relatively light with 30k contracts traded and calls leading puts for a put/call ratio of 0.23, compared to a typical level near 0.22. Implied volatility (IV30) is higher by 1.7 points near 61.71,and above the 52wk median, suggesting an expected daily move of $0.22. Put-call skew flattened, suggesting a modestly bullish tone.
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