Moderately bullish activity in Snap Inc. (SNAP), with shares up 10c, or 1.36%, near $7.83. Options volume relatively light with 96k contracts traded and calls leading puts for a put/call ratio of 0.21, compared to a typical level near 0.31. Implied volatility (IV30) dropped 1.42 near 92.01,in the top quartile of the past year, suggesting an expected daily move of $0.45. Put-call skew flattened, suggesting a modestly bullish tone.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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