Bullish option flow detected in Transocean with 40,786 calls trading, 7x expected, and implied vol increasing over 17 points to 82.88%. Feb-23 7 calls and 1/27 weekly 6.5 calls are the most active options, with total volume in those strikes near 25,100 contracts. The Put/Call Ratio is 0.21. Earnings are expected on February 21st.
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Published first on TheFly
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