2.1600 -0.01 (-0.46%)
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With the new contract extensions, Transocean's (RIG) Deepwater Corcovado and Deepwater Mykonos drillships will carry on with operations in Brazil.
Investors need to pay close attention to Transocean (RIG) stock based on the movements in the options market lately.
Sure, oil prices have been edging higher, but Transocean's price move was huge. Here are some thoughts on what's going on.