Bullish option flow detected in Transocean (RIG) with 83,192 calls trading, 3x expected, and implied vol increasing over 14 points to 66.25%. 2/13 weekly 5.5 calls and Feb-26 5 calls are the most active options, with total volume in those strikes near 50,200 contracts. The Put/Call Ratio is 0.08. Earnings are expected on February 19th.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIG:
- Transocean price target raised to $6 from $5 at BTIG
- Trump Trade: U.S. imposing 25% tariff on some chip sales amid Nvidia deal
- Sixth oil tanker seized by U.S. military, WSJ reports
- Venezuela’s PDVSA starts reversing oil production cuts, Reuters reports
- DOE releases details on U.S. marketing of Venezuelan crude oil