Option traders moderately bearish in Meta Platforms (Facebook) with shares down 0.15%

Option traders moderately bearish in Meta Platforms (Facebook) (META), with shares down $1.04 near $693.10. Options volume roughly in line with average with 189k contracts traded and calls leading puts for a put/call ratio of 0.61, compared to a typical level near 0.55. Implied volatility (IV30) is higher by 0.1 points near 27.48,in the bottom quartile of the past year, suggesting an expected daily move of $12.00. Put-call skew steepened, indicating increased demand for downside protection.

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