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Transocean call volume above normal and directionally bullish
The Fly

Transocean call volume above normal and directionally bullish

Bullish option flow detected in Transocean with 12,290 calls trading, 2x expected, and implied vol increasing almost 6 points to 50.61%. Apr-24 6 calls and 3/28 weekly 5 puts are the most active options, with total volume in those strikes near 7,700 contracts. The Put/Call Ratio is 0.15. Earnings are expected on April 29th.

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