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Moderately bullish activity in Snap Inc. with shares up 0.44%

Moderately bullish activity in Snap Inc. (SNAP), with shares up 4c, or 0.44%, near $7.91. Options volume roughly in line with average with 163k contracts traded and calls leading puts for a put/call ratio of 0.8, compared to a typical level near 0.32. Implied volatility (IV30) dropped 0.88 near 90.13,and above the 52wk median, suggesting an expected daily move of $0.45. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Sell at Stifel.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 16.42% or $1.30.

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