Bullish option flow detected in Snap Inc. with 74,478 calls trading, 1.2x expected, and implied vol increasing over 3 points to 71.92%. 12/23 weekly 8.5 calls and 12/23 weekly 8.5 puts are the most active options, with total volume in those strikes near 33,700 contracts. The Put/Call Ratio is 0.65. Earnings are expected on February 2nd.
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Published first on TheFly
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- Snap Inc. call volume above normal and directionally bullish