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RIG/N trade ideas

TRANSOCEAN LTD (RIG) Long TradeLong term position in TRANSOCEAN was initiated on 27.08.2017. The Stop of this trade is below 6, but I am willing to keep this trade as long as needed and possibly to reevaluate stop if necessary. Current Risk/Reward is 1.5. We are betting on the stabilization of oil prices and good chances the oil fracking industry will survive and the best companies will prosper in near future. The macro bet is on rising inflation and possible rise in Oil prices as well. Additional support is the extremely low financial valuation of this company.
NYSE:RIGLong
by auroraspot
RIG: Early signs of a new life for oil drilling?Some chartist have observed that the RSI (14) tends to move in ranges. Notice in the daily RSI that the value until 2014 stays at or above the low range on dips. Then it goes way below the line in 2014. Some chartists would see that as a sign that the winds have chaged and a bear market may be starting, which it was. The high of the daily RSI never went above the normal range until 2014 when it went way up. Was this a sign the winds have changed again? Before this there were a series of new lows in price {NL) but so far not since. Encouraging article : seekingalpha.com
NYSE:RIGLong
by goodguy
3
RIG DiagonalOkay, here's a little different play than normal. With IV low across much of the market, I am looking at getting long a few beat up stocks with some synthetics. Trade Setup: +1 RIG Apr 21/ Mar 24 11/13 Diagonal @ $1.50 DTE: Short Call: 11; Long Call: 39 Max Win: If at $13 or above by Mar 24 - $50 Undefined if Short Call expires worthless Max Loss: $150 Breakevens: $12.50 Trade Management: This trade is small to begin with, just a few testers I'm going to try. Best case scenario, the 13 call expires worthless by Mar 24 and then the stock continues to drift higher after (we can dream, right?). Worst case scenario, I'm out $150. In the event that we climb over $13 and my short call before Mar 24, I will just take my $50 and move on. If the $13 call expires worthless and I keep that premium, eliminating all extrinsic value at this point, then I'll hold the 11 call and try to take about $75-80 on the whole trade. If I don't feel RIG is moving enough, I will make a discretionary call to sell another 13 call at the same expiration as my long to further reduce my risk. Either way, I'm okay with the small loss potential on this trade from trade entry. Green is profit zone; Red vertical bar is Mar 24 expiration; Vertical black bar is Apr 21 expiration.
NYSE:RIGLong
by Benji