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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.