Bullish options flow was detected in FLR stock on October 7, 2020.
Bullish options flow was detected in FLR stock with 18,181 calls trading, 11x expected, and implied vol increasing almost 15 points to 101.24%. Oct-20 11 calls and Jan-21 12.5 calls are the most active options, with total volume in those strikes near 13,900 contracts.
On September 30, 2020, Fluor was awarded a $1.12B cost-plus-fixed fee modification to a previously awarded contract to exercise the FY21 option for naval nuclear propulsion work at the Naval Nuclear Laboratory. Work is expected to be completed by September 2021. FY20 operations and maintenance funding in the amount of $6M will be obligated at time of award and will not expire at the end of the current fiscal year in accordance with Federal Acquisition Regulations 2410. This contract modification was not competitively procured. The Naval Sea Systems Command is the contracting activity.