12:15pm (EST)

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%.