Dark Money Sell Alert: Take 49% Gains On Fluor Calls
Fluor still trades at an extreme discount to its peers in the E&C sector. Investors are starting to anticipate a growing project order backlog driven by smartly bid infrastructure, road, bridge, LNG, and metals/mining projects. However, the stock has encountered resistance and may be in a sideways pattern for a few months. We don’t want to risk losing option premium if FLR continues bouncing around in the low $20s, so let’s take gains on this position.