Mixed options sentiment in Meta Platforms (Facebook) (META), with shares down $1.44 near $695.79. Options volume relatively light with 234k contracts traded and calls leading puts for a put/call ratio of 0.48, compared to a typical level near 0.51. Implied volatility (IV30) dropped 0.98 near 28.0,in the bottom quartile of the past year, suggesting an expected daily move of $12.27. Put-call skew steepened, indicating increased demand for downside protection.
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