Moderately bullish activity in Snap Inc. (SNAP), with shares up 12c, or 1.36%, near $9.31. Options volume relatively light with 49k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 0.52. Implied volatility (IV30) is higher by 5.2 points near 86.32,and above the 52wk median, suggesting an expected daily move of $0.51. Put-call skew steepened, indicating increased demand for downside protection.
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