Financial giants have made a conspicuous bearish move on Transocean. Our analysis of options history for Transocean RIG revealed 9 unusual trades.
Delving into the details, we found 22% of traders were bullish, while 77% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $141,820, and 6 were calls, valued at $331,663.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $7.0 to $10.0 for Transocean over the recent three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Transocean's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Transocean's whale activity within a strike price range from $7.0 to $10.0 in the last 30 days.
Transocean Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RIG | CALL | SWEEP | BEARISH | 01/17/25 | $10.00 | $94.0K | 25.2K | 8.8K |
| RIG | PUT | SWEEP | BULLISH | 01/17/25 | $10.00 | $77.0K | 4.6K | 200 |
| RIG | CALL | SWEEP | BEARISH | 01/17/25 | $10.00 | $64.2K | 25.2K | 2.0K |
| RIG | CALL | SWEEP | BEARISH | 01/17/25 | $10.00 | $49.1K | 25.2K | 2.0K |
| RIG | CALL | TRADE | BEARISH | 01/17/25 | $10.00 | $49.0K | 25.2K | 1.0K |
About Transocean
Transocean Ltd. is a international provider of offshore contract drilling services for oil and gas wells. Its segment involves contracting mobile offshore drilling rigs, related equipment and work crews to drill oil and gas wells.
Having examined the options trading patterns of Transocean, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Transocean's Current Market Status
- Currently trading with a volume of 6,316,876, the RIG's price is down by -0.65%, now at $6.13.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 61 days.
What The Experts Say On Transocean
1 market experts have recently issued ratings for this stock, with a consensus target price of $8.0.
- Reflecting concerns, an analyst from Capital One lowers its rating to Overweight with a new price target of $8.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Transocean with Benzinga Pro for real-time alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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