Today I sold another put on FLR for a $40 credit. AI is everywhere these days, and I don’t mind owning a stock tied to the AI industry. Nvidia’s $182 price is too high for my strategy, so I looked for other AI-related stocks and came across Fluor Corp.
Fluor Corp (FLR) might not scream “AI stock,” but it plays a key role behind the scenes by building the data centers that power companies like Google. With AI driving massive demand for cloud and computing infrastructure, Fluor’s experience in designing and constructing hyperscale, energy-efficient facilities puts it in a sweet spot.
The company has been landing big projects and has a healthy pipeline ahead, which makes me comfortable selling puts at a $37.50 strike. That price keeps me well under my $10K wheel strategy cap while giving me exposure to the AI boom in a less obvious, but still powerful, way.
Head over to the Tracker Page to see the updated calculation with the addition of FLR.