Moderately bullish activity in Snowflake (SNOW), with shares up 86c, or 0.39%, near $223.44. Options volume relatively light with 12k contracts traded and calls leading puts for a put/call ratio of 0.43, compared to a typical level near 0.51. Implied volatility (IV30) is higher by 0.1 points near 39.39,and below the 52wk median, suggesting an expected daily move of $5.54. Put-call skew steepened, indicating increased demand for downside protection.
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