Bullish option flow detected in Snap (SNAP) Inc. with 38,881 calls trading, 1.3x expected, and implied vol increasing over 7 points to 86.64%. May-25 12 calls and 3/28 weekly 9 puts are the most active options, with total volume in those strikes near 22,400 contracts. The Put/Call Ratio is 0.63. Earnings are expected on April 24th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNAP:
- Snap price target lowered to $14 from $16 at Citizens JMP
- Snap Inc. call volume above normal and directionally bullish
- Trump ‘willing’ to lower tariffs on China to do TikTok deal, Reuters reports
- TikTok framing itself as ‘savior’ of Americans in new ad campaign, NYT reports
- Moderately bullish activity in Snap Inc