Bullish option flow detected in Transocean with 47,337 calls trading, 4x expected, and implied vol increasing over 8 points to 75.75%. Jun-24 7 calls and Aug-23 4.5 puts are the most active options, with total volume in those strikes near 17,900 contracts. The Put/Call Ratio is 0.64. Earnings are expected on May 1st.
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Published first on TheFly
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