Bullish option flow detected in Transocean with 42,545 calls trading, 4x expected, and implied vol increasing over 1 point to 50.52%. Jan-25 7 calls and 11/24 weekly 7 calls are the most active options, with total volume in those strikes near 26,300 contracts. The Put/Call Ratio is 0.14. Earnings are expected on February 20th.
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Read More on RIG:
- Transocean call volume above normal and directionally bullish
- Transocean price target lowered to $7.50 from $9.00 at Susquehanna
- Transocean Ltd. Reports Third Quarter 2023 Results
- Transocean reports Q3 adjusted EPS (36c), consensus (23c)
- Transocean options imply 6.6% move in share price post-earnings