Moderately bullish activity in Snap Inc. (SNAP), with shares up 6c, or 0.81%, near $8.13. Options volume roughly in line with average with 71k contracts traded and calls leading puts for a put/call ratio of 0.56, compared to a typical level near 0.3. Implied volatility (IV30) is higher by 9.1 points near 55.91,and below the 52wk median, suggesting an expected daily move of $0.29. Put-call skew steepened, indicating increased demand for downside protection.
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