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Option traders moderately bearish in Meta Platforms Inc with shares down 1.48%

Option traders moderately bearish in Meta Platforms Inc (META), with shares down $9.75 near $650.34. Options volume running well above average with 372k contracts traded and calls leading puts for a put/call ratio of 0.49, compared to a typical level near 0.56. Implied volatility (IV30) is higher by 1.5 points near 37.9,and above the 52wk median, suggesting an expected daily move of $15.53. Put-call skew steepened, indicating increased demand for downside protection.

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