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Barchart
Barchart
Mark R. Hake, CFA

Meta Platform is at a Peak and Has High Put Option Premiums - Worth Shorting for Income

Meta Platform (META) stock has put options with elevated put option premiums. It makes sense now for existing shareholders to short them for extra income. For example, the 3 weeks out 4.44% OTM strike yields 1.0%.

Meta stock closed up 2.48% to over $500 at $502.30 on Friday, March 1. Since the company announced its Q4 results on Feb. 1, the stock has skyrocketed 27.2% from $394.78. That is what is pushing put option premiums so high.

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