Writing Calls On Flowserve As Stock Surges After Earnings Report

On the buy write, if FLS closes above $40 at expiration, you will be assigned and your FLS shares will be sold at $40. Your profit would be $3.55 per share on $36.45 per share at risk, or 9.74%. Over 50 days, the annualized return would be 71.1%.

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