Mixed options sentiment in Transocean (RIG), with shares down 2c near $6.29. Options volume relatively light with 23k contracts traded and calls leading puts for a put/call ratio of 0.1, compared to a typical level near 0.33. Implied volatility (IV30) dropped 1.35 near 54.81,in the bottom quartile of the past year, suggesting an expected daily move of $0.22. Put-call skew steepened, indicating increased demand for downside protection.
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