Mixed options sentiment in Snap Inc. (SNAP), with shares down 4c near $8.38. Options volume relatively light with 204k contracts traded and calls leading puts for a put/call ratio of 0.11, compared to a typical level near 0.25. Implied volatility (IV30) dropped 0.76 near 105.25, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.56. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Snap Inc. (SNAP) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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