10,000 RIG Jan 2018 10 puts went up in 1 block on the ARCA marked spread.? 160,000 shares went up at 15.45 concurrent with the options.?
Shares of Transocean ltd (RIG) are up .10 to 15.53 today.? RIG is near the top of the 52 week range.
- Paper traded 10000 RIG Jan 2018 10 puts for 1.16.? ?
- ADV is 33k.
- The OI is 23007 contracts.
The volume went up in 1 block on the ARCA marked spread.? Shares going up at 15.45 on 160k went up concurrent with the options.? Most likely this is a 16 delta put going up delta neutral as RIG has a large short open interest.? The trade is looking for a parabolic kind of move.
- IV 30 is trading for 50%.?
- HV10 is trading for 83%.?
- IV 30 is below 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.