Mixed options sentiment in Transocean with shares down 0.24%

Mixed options sentiment in Transocean (RIG), with shares down 2c near $6.12. Options volume roughly in line with average with 51k contracts traded and calls leading puts for a put/call ratio of 0.53, compared to a typical level near 0.33. Implied volatility (IV30) dropped 4.19 near 63.02,and above the 52wk median, suggesting an expected daily move of $0.24. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Equal Weight at Barclays.Looking ahead: Transocean (RIG) will report earnings after the close on 2026-02-19.Option markets are pricing in a 50% probability of a move greater than 7.83% or $0.48.