Mixed options sentiment in Meta Platforms (Facebook) (META), with shares down $1.89 near $770.10. Options volume roughly in line with average with 119k contracts traded and calls leading puts for a put/call ratio of 0.54, compared to a typical level near 0.54. Implied volatility (IV30) is higher by 0.2 points near 26.6,in the lowest 10% of observations over the past year, suggesting an expected daily move of $12.90. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at HSBC.
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