Mixed options sentiment in Snap Inc. (SNAP), with shares down 60c near $7.78. Options volume roughly in line with average with 383k contracts traded and calls leading puts for a put/call ratio of 0.22, compared to a typical level near 0.25. Implied volatility (IV30) dropped 0.92 near 104.33, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.51. Put-call skew flattened, suggesting a modestly bullish tone.
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