Volatility is right where we thought it would be, around 60%. That implies a move of nearly 3.8% per day.
Through the first full week of listing SNAP volatility by day:
On IPO day its volatility was 160%
Friday it was 181%
However, the close-to-close volatility was MUCH lower.
IPO day was a mere 32%
Friday was 160%
Thursday close to close vol crashed to 5%