50000 RIG Nov 9 puts went up in 1 block on the ARCA marked spread.?
Shares of Transocean LP (RIG) are up .06 to 16.88 today. ?RIG is near the lower end of the 52 week range.
- Paper traded 50000 RIG Nov 9 puts for .07. ??
- The ADV is 52k contracts.? ?
- The open interest is 144k contracts.
The volume went up in 1 block on the ARCA marked spread.? Total volume is over 130k contracts as the trader closed the Nov 12/16 put spread as well.? With RIG moving back up and earings coming out the trader most likely wants out of the position.? The short puts were done on a ratio most likely to pay for the put spreads.
- IV 30 is trading for 62%.?
- HV10 is trading for 47%.?
- IV 30 is 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.