How Are Options Traders Playing the META Pullback?

Meta Platforms Inc. (NASDAQ:META) stock is down 0.9% today, last seen at $571.76. The shares have pared steeper gains from this morning, after Jefferies trimmed its price target to$725 from $810. With a few hours to go, META is on track for its worst monthly performance since October 2022. On the charts, keep an eye on the equity's 260-day moving average, a trendline that's getting tested today, so far holding up. Longer term, the social media giant is 17.2% higher year-over-year. Nevertheless, the stock h ...