Toeser

Fluor Corp.: A Heuristic Approach for 'Rolling-Up-and-Out' Covered Calls

LOL. This is an attempt to be waaay too scientific in a market that randomly goes up and down 5% a day.

But this is a stock that is excellent for a covered-call strategy. I bought FLR at $40.50 and wrote calls at the $30 strike for an anticipated annualized return of 39%. My downside protection is to $26.09. Infrastructure stock in a Democratic world - seemed like a no brainer.