Stock pullbacks can be an opportunity to make your money back and then some. Here's how

When a stock you own pulls back, you can use an options trade to get your money back. Case in point: Fluor Corp. Following its Q1 2026 earnings release, the stock is pulling back by 15%. Despite a healthy rebound in net earnings to $160 million versus a loss in the prior period and also the same quarter in the prior year. The market is reacting to a revenue miss ($3.66B vs. $3.89B consensus) and a narrowing of full-year EBITDA guidance due to cost growth in its mining segment towards the lower end of their prior guidance. However, the "data center" bull thesis remains intact. CEO Jim Breuer highlighted a surge in new awards for gas-fueled and nuclear power — the very backbone of AI infrastructure. For a shareholder looking to recover from this morning's $2.50 haircut, a 1x2 Call Ratio Spread offers a way to repair the position with high efficiency. The Recovery Play: June 50/52.5 Call 1x2 Ratio against long stock A 1x2 Call Ratio Spread involves buying one lower-strike call and selling two higher-strike calls. Using the June monthly expiration: Buy (1) June $50 Call Sell (2) June $52.50 Calls Max Gain: $2.50 Max Loss: No premium outlay, but your stock could be called away Skill Level: Intermediate Net Credit: Ideally executed for a small credit (e.g., $0.10 - $0.25), depending on post-earnings volatility levels. …