Puts Trade In RIG- Massive Put Roll Goes Up
Shares of Transocean LTD (RIG) are down .62 to 13.88 today.? RIG is near the bottom of the 52 week range.
- Paper traded 45000/30000 RIG Oct 14/16 put spreads for 1.37 and 2.45.??
- The ADV is 52k contracts.??
- The open interest is 7 and 30000 contracts.
The volume went up in 2 blocks marked spread on the ARCA.? This trade looks like a straight roll down for more volume as RIG continues its descent to $10.? The customer has been buying puts and rolling lower taking profits along the way.? UA last profiled a Nov 9/11 roll in late August.
- IV 30 is trading for 70%.?
- HV10 is trading for 67%.?
- IV 30 is above the HV 10.
Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells.