Option traders moderately bearish in Meta Platforms (Facebook) (META), with shares down $1.19 near $768.11. Options volume relatively light with 185k contracts traded and calls leading puts for a put/call ratio of 0.55, compared to a typical level near 0.55. Implied volatility (IV30) is higher by 1.3 points near 26.57,in the lowest 10% of observations over the past year, suggesting an expected daily move of $12.86. Put-call skew steepened, indicating increased demand for downside protection.
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