Trading a RIG straddle lets you take a pure volatility position on Transocean Ltd without committing to a direction. Transocean Ltd's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate RIG straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on RIG profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when Transocean Ltd stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the RIG straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts its mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. As of February 14, 2022, the company had partial ownership interests in and operated a fleet of 37 mobile offshore drilling units, including 27 ultra-deep water and 10 harsh environment floaters. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. The company was founded in 1926 and is based in Steinhausen, Switzerland.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the RIG straddle is the cleanest expression of that view. Our scanner prices every RIG straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a RIG straddle into a catalyst or short a RIG straddle to harvest decay, the options straddle setups that matter are all in one place.
