Moderately bullish activity in Snap Inc. (SNAP), with shares up 12c, or 1.65%, near $7.11. Options volume roughly in line with average with 100k contracts traded and calls leading puts for a put/call ratio of 0.57, compared to a typical level near 0.38. Implied volatility (IV30) dropped 0.92 near 43.26,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.19. Put-call skew flattened, suggesting a modestly bullish tone.
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