Moderately bullish activity in Snap Inc. (SNAP), with shares up 10c, or 1.15%, near $9.22. Options volume more than double the daily average with 82k contracts traded and calls leading puts for a put/call ratio of 0.18, compared to a typical level near 0.53. Implied volatility (IV30) is higher by 2.1 points near 89.47,and above the 52wk median, suggesting an expected daily move of $0.52. Put-call skew steepened, indicating increased demand for downside protection.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNAP:
- Yaccarino discussed plans to leave X earlier this week, NYT reports
- TikTok calls Reuters report on U.S. app ‘factually inaccurate’
- TikTok plans U.S. app with own algorithm, user data, Reuters reports
- Snap announces partnership with RWS Global for sporting events
- Moderately bullish activity in Snap Inc. with shares up 1.36%