The Options Insider

Early Morning Call Buyers Looking for a RIG Homerun

by | Sep 8, 2016 | Unusual Activity

696 RIG Sep 10.5 calls went up in one block as part of a sweep of all exchanges that paid .05 for 5000 contracts.

unusual options activity, RIG

Shares of TransOcean LTD (RIG) are up .41 to 10.34 today.? ?RIG is near the lower end of the 52 week range.

  • Paper traded 696 RIG Sep 10.5 calls for .05.?
  • The ADV is 24962 contracts.?
  • The OI is 1358 contracts.

The volume went up in one block on the CBOE.? The trade was part of a sweep of all exchanges that paid .05 for 5000 contracts. The calls are .07 bid as this post went out.? There is heavy call buying on a ratio of about 4-1 over puts.

  • IV 30 is trading for 52%.?
  • HV10 is trading for 27%.?
  • IV 30 is trading above the HV 10.

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company’s primary business is to contract its drilling rigs, related equipment and work crews primarily on a day rate basis to drill oil and gas wells.