Snap (SNAP) August volatility increases as shares trend lower

Snap (NYSE: SNAP) June weekly call option implied volatility is at 53, July is at 50; August is at 71; compared to its 18-week range of 46 to 80 into first lockup expiration on the shares -- July 30, when – certain stakeholders and executives will be free to sell their position for the first time since the March 1 IPO.

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