Meta Platforms is launching a web version of Threads
Meta Platforms Inc (NASDAQ:META) is up 0.8% to trade at $286.06 at last check, amid reports that the company has plans to launch a web version of its microblogging app Threads, ramping up its rivalry with X -- formerly known as Twitter. According to the Wall Street Journal, the launch is expected to happen as early as this week.
The stock is attempting to rebound after slipping from late July annual highs around the $326 region. META settled below long-term support from its 60-day moving average last week, and is still contending with this trendline. Year-to-date, Meta Platforms stock is up 138%.
META puts have been much more popular than usual in the options pits. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity's 10-day put/call volume ratio of 1.01 sits higher than 99% of readings from the past year. Echoing this, the stock's Schaeffer's put/call open interest ratio (SOIR) stands in the 92nd percentile of annual readings.
Those looking to get ahead of the curve should consider speculating with options. This is per Meta Platform stock's Schaeffer's Volatility Index (SVI) of 35% that ranks higher than just 14% of readings from the last 12 months, indicating volatility expectations are low right now. What's more, the equity's Schaeffer's Volatility Scorecard (SVS) tally of 87 out of 100 implies it tends to outperform said volatility expectations.