Under the hood of RIG with an eye toward 7/16

NYSE:RIG   Transocean Ltd (Switzerland)
big brain time, fintwit...

How is WISH going to deliver orders without oil and boats or whatever?!

Spoiler alert: they're not.

Enter: RIG (honorable mention: SHIP)

At heart, I guess RIG is an oil play.

As usual I'm going to spare you the deep RIG backstory and assume that you found this idea because you've already done some research of your own.

There's been a lot of insider buying happening with RIG recently and it looks like the chart is in a nice pattern too.

Don't forget, none of this is financial advice and I'm on my second June Shine of this Sunday afternoon. Moving on.

In my perfect genius opinion, a FAVORABLE CHART + INSIDER BUYING reflects positively on the probability of RIG breaking out above 4.80 and fighting for 5.00 before the July 16 options expiry date.

I threw up some options data as well, I probably won't update those numbers past today (Sunday 06/27/21), so do your own DD.

Anyway, you guys are my best friends. Bye.


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