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Moderately bullish activity in Snap Inc. with shares up 9.79%

Moderately bullish activity in Snap Inc. (SNAP), with shares up 72c, or 9.79%, near $8.02. Options volume nearly triple the daily average with 525k contracts traded and calls leading puts for a put/call ratio of 0.37, compared to a typical level near 0.4. Implied volatility (IV30) dropped 28.5 near 60.67,and above the 52wk median, suggesting an expected daily move of $0.31. Put-call skew flattened, suggesting a modestly bullish tone.The company announced earnings after the close on 2025-11-05with option markets having priced in a move of approximately 18.78%.

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