Cboe data shows mixed options sentiment in Snap Inc. with shares down 1.76%

Cboe data shows mixed options sentiment in Snap Inc. (SNAP), with shares down 8c near $4.75. Options volume roughly in line with average with 28k contracts traded and calls leading puts for a put/call ratio of 0.7, compared to a typical level near 0.28. Implied volatility (IV30) is higher by 8.4 points near 76.22,and above the 52wk median, suggesting an expected daily move of $0.23. Put-call skew steepened, indicating increased demand for downside protection.