Meta Platforms (META), the parent company of Facebook, WhatsApp, and Instagram, has risen significantly recently. That has pushed its put options to high levels. But, that is good for investors who short them as an income play. Moreover, META stock is too cheap here, given how strong its free cash flow is on a long-term basis. Meta Platforms has been growing very well and is gushing large amounts of cash flow. For example, last year the company generated $43 billion in FCF. That represented almost 32% of its revenue of $134.9 billion. As a result, META stock’s outlook is very bright and has a …
