RIG as of Nov 1 · 12:36 ET

RIGNYSEDrilling Oil & Gas Wells

Transocean Ltd. · Brief

Next report

1 day

Nov 2 · after closeest.Q3 FY26

Earnings

Expected move

Inputs

±5.0%implied · report alone

6.597.29

straddle ±6.8%

spot 6.94exp Nov 6ATM strike 7ATM straddle 0.55IV 71%

Oct 30 closereport share · term structure

Expected move

Inputs

Implied vs realized

8 reportsHistory

2 of 8≥ implied

avg implied: ±7.3%
avg realized: ±4.0%

Oct 30 '24±6.6%▲+9.05%×1.37

Feb 18 '25±7.8%▲+0.57%×0.07

Apr 28 '25±11.6%▼−4.76%×0.41

Aug 4 '25±7.3%▲+3.56%×0.49

Q3 FY25±7.5%▲+2.09%×0.28

Feb 19 '26±6.2%▲+2.52%×0.41

Q1 FY26±6.5%▼−9.16%×1.41

Q2 FY26±5.1%▲+0.39%×0.08

quarterimplied−15%0+15%realized×

Q2 FY26±5.1%▲+0.39%×0.08

Q1 FY26±6.5%▼−9.16%×1.41

Feb '26±6.2%▲+2.52%×0.41

Q3 FY25±7.5%▲+2.09%×0.28

Aug '25±7.3%▲+3.56%×0.49

Apr '25±11.6%▼−4.76%×0.41

2 older reports

Feb '25±7.8%▲+0.57%×0.07

Oct '24±6.6%▲+9.05%×1.37

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Bull & bear

Nov 2 report · est.

Bull2 of 3

+6.10%change in shares held by the ten largest reporting managers over the latest quarter13F · Jun 30 '26

5tracked funds holding RIGN-PORT · Aug 31 '26

Bear2

6 of 8recent reports with moves below the options implied rangeEarnings history

4 of 25largest reporting managers that reduced their stake in the latest quarter13F · Jun 30 '26

AI captions · Sep 16 '26once per report · top 2 per case

Linked exposure

RIG report session

Customers 4

BPBP p.l.c×0.28 EQNREquinor ASA×0.27 PBRPetrobras×0.26 CVXChevron×0.23

× = co-movement · max 501dSource: SEC filings · market data

Latest changes

30 daysAll changes

Oct 28impliedImplied move: ±7.4% into Nov 2 earnings (Oct 28 close).Source

Oct 158-KMaterial agreement: amended and restated credit agreement with Citibank, N.A.Source

Oct 14impliedImplied move: ±7.3% into Oct 28 earnings (Oct 14 close).Source

Your note

privateThesis 0 · Decisions 0 · Observations 0

No thesis.