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Moderately bullish activity in Snap Inc. with shares up 1.78%

Moderately bullish activity in Snap Inc. (SNAP), with shares up 14c, or 1.78%, near $7.74. Options volume relatively light with 91k contracts traded and calls leading puts for a put/call ratio of 0.75, compared to a typical level near 0.35. Implied volatility (IV30) is higher by 0.6 points near 90.04,and above the 52wk median, suggesting an expected daily move of $0.44. Put-call skew steepened, indicating increased demand for downside protection, 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 14.15% or $1.09.

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