Moderately bullish activity in Snap Inc. (SNAP), with shares up 6c, or 0.77%, near $7.16. Options volume relatively light with 21k contracts traded and calls leading puts for a put/call ratio of 0.34, compared to a typical level near 0.41. Implied volatility (IV30) is higher by 0.6 points near 43.83,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.20. Put-call skew steepened, indicating increased demand for downside protection.
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