CSX Corporation (CSX), the Florida-based rail-based freight transport company, reported flat revenue for Q3 on Oct. 16. However, it generated strong free cash flow (FCF) for the quarter, with significantly higher FCF margins. As a result, CSX stock looks cheap to value investors with analysts’ price targets 20% higher. Shorting out-of-the-money (OTM) put options is also a good play here. CSX Corp was down 5% on Thursday, Oct. 17, trading at $33.40 in midday markets. This is off from its recent peak of $35.50 on Oct. 15. That presents an opportunity for investors who want to get in cheap on thi…