Bullish option flow detected in Snap (SNAP) Inc. with 23,120 calls trading, 2x expected, and implied vol increasing almost 16 points to 115.31%. 1/24 weekly 12.5 calls and 1/10 weekly 11.5 puts are the most active options, with total volume in those strikes near 17,000 contracts. The Put/Call Ratio is 0.56. Earnings are expected on February 4th.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
