Meta Platforms (META) produced excellent results last year and decided to pay its first dividend. However, its put option premiums are high and it makes sense to short out-of-the-money (OTM) puts as an income play. I discussed Meta’s huge free cash flow (FCF) in my Feb. 9 Barchart article, “META Stock Could Still Be Worth Up Over 18% to $556 Per Share, Based on Its Massive FCF%20made%20%2440,more%20at%20%24556%20per%20share.).” I suggested that given the company’s consistent FCF over the past 4 quarters META stock could be worth $556 per share. Today META is trading for about $487.23 per share…