Meta Platforms (META) is positioning itself as a leader in AI technology, not only with its recent open-source large language models (LLM) advancements but also by integrating AI into its existing suite of products. While companies like OpenAI have traditionally led in AI innovation, Meta’s LLaMA 2 models have gained significant attention, and they are proving to perform on par, if not better, in certain benchmarks. The strategic focus Meta has placed on monetizing these AI tools across its platforms — including Facebook, Instagram, and WhatsApp — gives it a unique competitive advantage. This commitment to revenue generation from AI sets it apart from other firms still exploring AI potential without clear paths to monetization. If we review the chart for Meta, it has shown strong performance, recently breaking above a key resistance level at $545. Additionally, the relative outperformance against the S & P 500 , confirms the breakout to new all-time highs. With continued positive momentum and strong support, Meta looks poised for further upside, especially as it capitalizes on AI innovation and integration. Meanwhile, the company boasts robust growth projections with an expected future EPS growth of 22% (industry average of 16%) and a revenue growth rate of 15% (industry average of 11%). What sets Meta further apart is its exceptional profitability, with industry leading net margin of 34%, compared to the industry average of 24%. With these growth and profitability metrics, Meta appears undervalued, offering a compelling risk/reward profile for long-term investors looking to benefit from its AI-driven revenue potential. To capitalize on Meta’s continued upside potential while limiting risk, consider selling a Nov 15 $575/530 put vertical spread at a $16.87 Credit. This entails: Selling the Nov 15, 2024 $575 Put for $31.45 Buying the Nov 15, 2024 $530 Put for $14.58 View this link in OptionsPlay with updated pricing. This trade allows you to profit if Meta remains above $575 by expiration. The maximum potential reward is $1,687, with a maximum risk of $2,813, offering a solid risk/reward profile. The breakeven point on this trade is $558.13, meaning you will only start incurring losses if Meta closes below this level by expiration. DISCLOSURES: (Position in Meta) All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL’S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.