Bullish option flow detected in Snap Inc. with 237,434 calls trading, 3x expected, and implied vol increasing almost 7 points to 72.13%. 2/10 weekly 12 calls and 2/10 weekly 11.5 calls are the most active options, with total volume in those strikes near 58,300 contracts. The Put/Call Ratio is 0.41. Earnings are expected on April 20th.
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Published first on TheFly
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