KeeneOnMarket
Short

RIG has a Date with $35 and this is Why

NYSE:RIG   TRANSOCEAN LTD (SWITZERLAND)
316 2 2

Transocean Ltd             ., together with its subsidiaries, provides offshore contract drilling services for oil             and gas wells across the world. If we look at the chart, every single matrix using the Ichimoku Cloud tells me that the stock is headed lower. It is trading under the Ichimoku Cloud , it is under the 9 and 26 period moving average, and both the past and future look weak. Combine this fact with a trader who bought 12,000 plus May 37 Puts for $.70. I jumped on this trade for $.77 and almost hit Target #1 at $.90, lets break down this trade.

The Trade: I bought the RIG May 37 Puts for $.77
Risk: $77 per 1 lot
Targets: $.90, $1.10, $1.30 and $1.50

Greeks of this Trade:
Delta: Short
Gamma: Long
Theta: Short
Vega: Long.
Like That Info....Keep It Coming

Reply
You Put an annotation on the chart on the chart that says Breakeven at expiration is 29.23. Shouldn't that be 36.23?
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out