Mixed options sentiment in Meta Platforms Inc (META), with shares down $3.48 near $713.01. Options volume roughly in line with average with 473k contracts traded and calls leading puts for a put/call ratio of 0.65, compared to a typical level near 0.76. Implied volatility (IV30) dropped 1.44 near 27.92,in the bottom quartile of the past year, suggesting an expected daily move of $12.54. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Rothschild & Co Redburn.
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