15500 RIG Nov 9/11 put spreads went up in 2 blocks on the ARCA

unusual options activity, RIG

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Shares of Transocean Ltd (RIG) are up .84 to 13.77 today. ?RIG is near the low end of the 52 week range.

  • Paper traded 15500 RIG Nov 9/11 put spreads for.55 ??
  • The ADV is 46995 contracts.? ?
  • The OI is 13015 and 13776 contracts.

The volume went up in 2 blocks on the ARCA with a spread tag.? The volume is over 30000 contract as put spread buyers jump in.? The trade is bearish as printed.

  • IV 30 is trading for 75%.?
  • HV10 is trading for 72%.?
  • 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.