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Snap Inc. call volume above normal and directionally bullish

Snap Inc. call volume above normal and directionally bullish

Bullish option flow detected in Snap (SNAP) Inc. with 23,120 calls trading, 2x expected, and implied vol increasing almost 16 points to 115.31%. 1/24 weekly 12.5 calls and 1/10 weekly 11.5 puts are the most active options, with total volume in those strikes near 17,000 contracts. The Put/Call Ratio is 0.56. Earnings are expected on February 4th.

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