Moderately bullish activity in Snap Inc. (SNAP), with shares up 8c, or 0.94%, near $8.09. Options volume roughly in line with average with 22k contracts traded and calls leading puts for a put/call ratio of 0.51, compared to a typical level near 0.51. Implied volatility (IV30) is up nearly 10.0 points near 60.27,and above the 52wk median, suggesting an expected daily move of $0.31. Put-call skew steepened, indicating increased demand for downside protection.
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