Bullish option flow detected in Transocean with 16,287 calls trading, 1.6x expected, and implied vol increasing over 3 points to 55.92%. Apr-24 6 calls and Jul-24 5.5 calls are the most active options, with total volume in those strikes near 5,800 contracts. The Put/Call Ratio is 0.31. Earnings are expected on April 29th.
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- Transocean call volume above normal and directionally bullish