Bullish option flow detected in Transocean (RIG) with 104,011 calls trading, 3x expected, and implied vol increasing over 4 points to 60.03%. Jan-27 10 calls and Jan-27 7 calls are the most active options, with total volume in those strikes near 83,900 contracts. The Put/Call Ratio is 0.03. Earnings are expected on May 4th.
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