Bullish option flow detected in Snap Inc. with 60,202 calls trading, 4x expected, and implied vol increasing almost 3 points to 85.14%. 3/24 weekly 12 calls and 3/24 weekly 11.5 calls are the most active options, with total volume in those strikes near 26,600 contracts. The Put/Call Ratio is 0.25. Earnings are expected on April 20th.
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Published first on TheFly
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