Transocean Ltd. (RIG)
Transocean Max Pain By Strike
RIG trades at $2.8, 12.0% above the near-term max pain of $2.5 expiring Aug 22, 2025 (1 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$3.5), signaling increased put positioning or downside protection. Key magnetic zone at 3 where 15 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Transocean Max Pain By Expiry
Max pain for RIG shows a downward trend from 3.5 to 2.5, indicating bearish sentiment or hedging activity. The 35% spread signals divergent expectations across timeframes. Levels distributed around 2.8. Strong magnetic level at 3 (15 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 22, 2025 | 2.5 | -0.30 (-10.71%) |
| Aug 29, 2025 | 3 | 0.20 (7.14%) |
| Sep 5, 2025 | 3 | 0.20 (7.14%) |
| Sep 12, 2025 | 3 | 0.20 (7.14%) |
| Sep 19, 2025 | 3 | 0.20 (7.14%) |
| Sep 26, 2025 | 3 | 0.20 (7.14%) |
| Oct 17, 2025 | 3 | 0.20 (7.14%) |
| Nov 21, 2025 | 3 | 0.20 (7.14%) |
| Dec 19, 2025 | 3 | 0.20 (7.14%) |
| Jan 16, 2026 | 3 | 0.20 (7.14%) |
| Feb 20, 2026 | 2.5 | -0.30 (-10.71%) |
| Mar 20, 2026 | 2.5 | -0.30 (-10.71%) |
| Jun 18, 2026 | 2.5 | -0.30 (-10.71%) |
| Sep 18, 2026 | 2.5 | -0.30 (-10.71%) |
| Dec 18, 2026 | 3 | 0.20 (7.14%) |
| Jan 15, 2027 | 3.5 | 0.70 (25.00%) |