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Behind the Scenes of Fluor’s Latest Options Trends

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High-rolling investors have positioned themselves bearish on Fluor FLR, and it’s important for retail traders to take note.
This activity came to our attention today through Benzinga’s tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in FLR often signals that someone has privileged information.

Today, Benzinga’s options scanner spotted 9 options trades for Fluor. This is not a typical pattern.

The sentiment among these major traders is split, with 44% bullish and 55% bearish. Among all the options we identified, there was one put, amounting to $31,574, and 8 calls, totaling $445,757.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $25.0 and $47.5 for Fluor, spanning the last three months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Fluor’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Fluor’s significant trades, within a strike price range of $25.0 to $47.5, over the past month.

Fluor Option Activity Analysis: Last 30 Days

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Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
FLR CALL TRADE BULLISH 02/16/24 $40.00 $106.1K 9.6K 3.5K
FLR CALL SWEEP BEARISH 02/16/24 $40.00 $81.3K 9.6K 841
FLR CALL SWEEP BEARISH 02/16/24 $40.00 $78.9K 9.6K 1.8K
FLR CALL TRADE BULLISH 02/16/24 $35.00 $36.6K 325 170
FLR CALL TRADE BEARISH 01/17/25 $25.00 $36.0K 206 40

About Fluor

Fluor is one of the largest global providers of engineering, procurement, construction, fabrication, operations, and maintenance services. The firm serves a wide range of end markets including oil and gas, chemicals, mining, metals, and transportation. The company’s business is organized into three core segments: urban solutions, mission solutions, and energy solutions. Fluor generated $13.7 billion in revenue in 2022.

Having examined the options trading patterns of Fluor, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Fluor Standing Right Now?

  • Trading volume stands at 647,202, with FLR’s price down by -3.49%, positioned at $39.01.
  • RSI indicators show the stock to be may be overbought.
  • Earnings announcement expected in 8 days.

What Analysts Are Saying About Fluor

In the last month, 1 experts released ratings on this stock with an average target price of $45.0.

  • An analyst from Citigroup has decided to maintain their Neutral rating on Fluor, which currently sits at a price target of $45.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Fluor with Benzinga Pro for real-time alerts.

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