Pumping Premium Before Earnings From Flowserve's $41 February Calls
If FLS closes above $41 at expiration, we will be assigned and your FLS shares will be sold at $41. On the buy write, your profit would be $1.35 per share on $39.65 per share at risk, or 3.4%. Over 22 days, the annualized return would be 56.9%.