Moderately bullish option activity in Snap (SNAP) Inc. with shares up $0.23, or +2.6%, near $9.28. Heavy option volume in SNAP today with 152k contracts on the tape and calls leading puts nearly 10:1. Implied volatility (IV30) is up 4.1, to 64.15, above its median for the past year, suggesting an expected daily price range of $0.37. Put call skew is little changed in the near term.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNAP:
- Snap Inc. call volume above normal and directionally bullish
- Unusually active option classes on open March 20th
- Musk’s X regains $44B valuation after equity raise, Bloomberg reports
- Oracle considers security deal, small stake to land TikTok deal, Bloomberg says
- Is Elon Musk’s X Still at Risk after Massive Cyberattack?
Questions or Comments about the article? Write to editor@tipranks.com