Moderately bullish activity in Snap Inc. (SNAP), with shares up 6c, or 0.92%, near $6.04. Options volume relatively light with 28k contracts traded and calls leading puts for a put/call ratio of 0.28, compared to a typical level near 0.19. Implied volatility (IV30) dropped 1.21 near 87.23,and above the 52wk median, suggesting an expected daily move of $0.33. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Rothschild & Co Redburn.Looking ahead: Snap Inc. (SNAP) will report earnings after the close on 2026-05-06.Option markets are pricing in a 50% probability of a move greater than 14.32% or $0.86.
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