Agree To Purchase Fluor Corp. At $45, Earn 6.7%

Investors eyeing a purchase of Fluor Corp. (NYSE: FLR) stock, but tentative about paying the going market price of $64.32/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $45 strike, which has a bid at the time of this writing of $3.00. Collecting that bid as the premium represents a 6.7% return against the $45 commitment, or a 4.1% annualized rate of return (at Stock ...