The Magnificent 7 stocks are leading the market rally, with signs of S&P 500 recovery. Nvidia, Microsoft, Apple, Amazon, Tesla, Alphabet, and Meta are in the spotlight, but Meta stands out as the cheapest based on P/E and PEG ratios. A strategy using LEAPS calls on Meta could offer exposure to its potential upside.

To identify the cheapest MAG-7 stock, investors can use metrics like price-to-earnings (P/E) ratio and price-to-earnings-to-growth (PEG) ratio. Meta emerges as the most attractively valued stock, especially after a recent dip due to increased AI spending. Utilizing an at-the-money LEAPS call option strategy on Meta could provide a cost-effective way to benefit from potential upside.

The option strategy involving LEAPS calls on Meta presents an opportunity for investors to capitalize on a potential 82% stock price increase. While the strategy offers exposure to Meta’s growth potential with a longer time horizon, it also comes with the risk of the option losing value if the stock doesn’t perform as expected. Careful consideration and monitoring are essential in options trading.

Read more at Barchart: How to Ride META’s 80% Rally With One Smart Options Trade