Mixed options sentiment in Snap Inc. (SNAP), with shares down 8c near $7.68. Options volume relatively light with 114k contracts traded and calls leading puts for a put/call ratio of 0.49, compared to a typical level near 0.29. Implied volatility (IV30) dropped 4.93 near 96.93,in the top quartile of the past year, suggesting an expected daily move of $0.47. 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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