Newpark Resources (NR, $9.45, down $0.24)
Sell to OPEN August 10 calls (NR110820C00010000, $0.50, down $0.05)
Action: Buy Newpark Resources at current prices and sell the August 10 call for 50 cents. This will lower your cost basis to $8.95. If shares are called away at $10 by mid-August the trade will make 12%.