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Flowserve Corp (Symbol: FLS) shareholders can potentially increase their income by selling an April 2026 covered call at the $60 strike price. The current bid at $2.65 annualizes to an additional 10.5% return, resulting in a total of 12.1% if the stock is not called away. The stock would need to rise 15% for this scenario to occur, which would culminate in a 20.1% total return including dividends.
As of Thursday’s mid-afternoon trading, Flowserve shares are priced at $52.20, with a trailing twelve-month volatility of 38%. In the broader market, the put volume among S&P 500 components reached 914,814 contracts, while call volume stood at 1.84 million, indicating a put:call ratio of 0.50, significantly lower than the long-term median of 0.65.
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