Bullish option flow detected in Transocean (RIG) with 70,486 calls trading, 3x expected, and implied vol increasing over 2 points to 63.26%. 2/27 weekly 7.5 calls and Mar-26 7 calls are the most active options, with total volume in those strikes near 43,500 contracts. The Put/Call Ratio is 0.09. Earnings are expected on May 4th.
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