Bullish option flow detected in Transocean with 31,070 calls trading, 3x expected, and implied vol increasing almost 4 points to 67.41%. Mar-23 7 calls and May-23 5.5 calls are the most active options, with total volume in those strikes near 14,900 contracts. The Put/Call Ratio is 0.15. Earnings are expected on May 1st.
Published first on TheFly
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