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Option traders moderately bearish in Meta Platforms Inc with shares down 1.34%

Option traders moderately bearish in Meta Platforms Inc (META), with shares down $10.21 near $750.45. Options volume running well above average with 255k contracts traded and calls leading puts for a put/call ratio of 0.56, compared to a typical level near 0.53. Implied volatility (IV30) is higher by 1.9 points near 32.04,and below the 52wk median, suggesting an expected daily move of $15.15. Put-call skew steepened, indicating increased demand for downside protection.

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