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Meta Platforms (META) stock is off its highs and could be undervalued ahead of earnings due out on Jan. 29. As I wrote last month, one way to play this is to sell short out-of-the-money put options for income and a lower buy-in.
META is at $606.90 in mid-day trading on Monday, Jan. 13, well off its recent high of $632.68 on Dec. 11 (-4.1%).