Option traders moderately bearish in Meta Platforms Inc (META), with shares down $7.18 near $663.54. Options volume roughly in line with average with 272k contracts traded and calls leading puts for a put/call ratio of 0.45, compared to a typical level near 0.73. Implied volatility (IV30) is higher by 0.9 points near 32.08,and below the 52wk median, suggesting an expected daily move of $13.41. Put-call skew steepened, indicating increased demand for downside protection.
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