Mixed options sentiment in Snap Inc. (SNAP), with shares down 16c near $7.58. Options volume relatively light with 87k contracts traded and calls leading puts for a put/call ratio of 0.39, compared to a typical level near 0.35. Implied volatility (IV30) dropped 3.09 near 89.45,and above the 52wk median, suggesting an expected daily move of $0.43. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Neutral at New Street.Looking ahead: Snap Inc. (SNAP) will report earnings after the close on 2025-11-05.Option markets are pricing in a 50% probability of a move greater than 17.11% or $1.30.
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