Bearish flow noted in Snap Inc. with 22,853 puts trading, or 3x expected. Most active are Jul-24 15.5 puts and Jul-24 15 puts, with total volume in those strikes near 17,600 contracts. The Put/Call Ratio is 1.52, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 1st.
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