Meta Stock Has Been On A Roll, Attracting Covered Call Investors
@BorisBack:
Meta Platforms$Meta Platforms, Inc.(META)$ stock is up over 38% YTD and is now up almost double from its lows (+94%) in November at $172.88 as of Feb. 17 . This is attracting covered call investors who can make over 1% per month shorting out-of-the-money (OTM) calls.Facebook reported on Feb. 1, 2023, that its Q4 revenue was $32.165 billion, down 4% from a year earlier. But this was significantly higher than what analysts had been expecting.Higher FCF ExpectedMoreover, the company is still producing solid free cash flow (FCF), $5.288 billion for the quarter and $18.4 billion for the past year. Granted, this was significantly lower than last year's $12.56 billion in Q4 2021 and $38.4 billion in 2021. But it still represents a 16.4% FCF margin f