Transocean (NYSE: RIG) announced Q1 EPS of $3.71 versus consensus estimates of $3.34.
RIG is recently trading at $162 in pre-open trading, above its close of $157.85 Tuesday.
Crude oil futures are recently up 0.07% to $121.93 according to Bloomberg.
RIG overall option implied volatility of 38 is above its 26-week average of 35 according to Track Data, suggesting slightly larger movement.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com










