Moderately bullish activity in Transocean (RIG), with shares up 10c, or 1.54%, near $6.25. Options volume relatively light with 5547 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) is higher by 0.4 points near 57.22,and below the 52wk median, suggesting an expected daily move of $0.23. Put-call skew flattened, suggesting a modestly bullish tone.
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