Meta Platforms - Massive FCF Gusher - Shorting OTM Puts Works Best

Meta Platforms (META) is a huge free cash flow generator whose stock price looks cheap here. Moreover, shorting put options expiring with 2 weeks in out-of-the-money (OTM) strike prices yields 1.2% - i.e., set a buy-in price and get paid while waiting.

META is at $554.86 midday on Tuesday, slightly down from before its Oct. 30 Q3 earnings release ($563.69 on Oct. 23). This presents a great income opportunity for short sellers of near-term expiry puts in OTM strike prices.