Moderately bullish activity in Snap Inc. (SNAP), with shares up 4c, or 0.55%, near $8.26. Options volume roughly in line with average with 48k contracts traded and calls leading puts for a put/call ratio of 0.28, compared to a typical level near 0.32. Implied volatility (IV30) is higher by 2.9 points near 79.57,and above the 52wk median, suggesting an expected daily move of $0.41. Put-call skew steepened, indicating increased demand for downside protection.
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