Bullish Vertical Spread. Fluor (FLR), an Irving, TX-based heavy construction equipment company, is up $1.29 to $38.41 and one strategist appears to be positioning for a substantial move higher in the share price between now and the July options expiration (99 days). About 45 minutes ago, 5000 FLR July 45 calls traded at the offer for $3.40 while 5000 FLR July 55 calls traded on the bid for $1.20. Both traded on the PHLX and appear to be part of an opening bullish spread (vs. $37.90), where the strategist paid $2.20 to create new positions in both contracts. If so, they have a bullish view on the stock and stand to make $7.0 if FLR rallies to $55 or more at the expiration. The breaken is $47.20 with the debit at risk if the stock fails to move above $45.