Moderately bullish activity in Snap Inc. (SNAP), with shares up 2c, or 0.2%, near $7.70. Options volume relatively light with 33k contracts traded and calls leading puts for a put/call ratio of 0.54, compared to a typical level near 0.41. Implied volatility (IV30) dropped 2.27 near 47.96,in the bottom quartile of the past year, suggesting an expected daily move of $0.23. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Neutral at Arete.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNAP:
- SNAP Stock Rises as It Joins Meta to Enforce Australia’s Teen Social Media Ban
- Snap to comply with Australia’s social media age law
- New Filing Claims Meta (META) Shut Down Teen Mental Health Research after Negative Results
- McDonald’s, Snap, Rigetti, Rocket Lab, BigBear.ai: Executive Stock Sales Unveiled
- ‘Don’t Let AI Do Your Homework’ Warns Pope as He Calls for Greater Youth Safeguards