Moderately bullish activity in Snap Inc. (SNAP), with shares up 2c, or 0.21%, near $7.33. Options volume running well above average with 59k contracts traded and calls leading puts for a put/call ratio of 0.13, compared to a typical level near 0.37. Implied volatility (IV30) is higher by 2.1 points near 45.95,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.21. Put-call skew steepened, indicating increased demand for downside protection.
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