Transocean Ltd. (RIG)
Transocean Max Pain By Strike
RIG trades at $3.03, pinned near the near-term max pain of $3 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($0.5-$3.5), signaling increased put positioning or downside protection. Key magnetic zone at 3 where 14 expirations converge.
Transocean Max Pain By Expiry
Max pain for RIG shows a downward trend from 3.5 to 0.5, indicating bearish sentiment or hedging activity. The 111% spread signals divergent expectations across timeframes. Most levels below 3.03 may cap rallies. Strong magnetic level at 3 (14 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 15, 2025 | 3 | -0.03 (-0.99%) |
| Aug 22, 2025 | 2 | -1.03 (-33.99%) |
| Aug 29, 2025 | 3 | -0.03 (-0.99%) |
| Sep 5, 2025 | 3 | -0.03 (-0.99%) |
| Sep 12, 2025 | 3 | -0.03 (-0.99%) |
| Sep 19, 2025 | 3 | -0.03 (-0.99%) |
| Sep 26, 2025 | 3 | -0.03 (-0.99%) |
| Oct 17, 2025 | 0.5 | -2.53 (-83.50%) |
| Nov 21, 2025 | 3 | -0.03 (-0.99%) |
| Dec 19, 2025 | 3 | -0.03 (-0.99%) |
| Jan 16, 2026 | 3 | -0.03 (-0.99%) |
| Feb 20, 2026 | 2.5 | -0.53 (-17.49%) |
| Mar 20, 2026 | 2.5 | -0.53 (-17.49%) |
| Jun 18, 2026 | 2.5 | -0.53 (-17.49%) |
| Sep 18, 2026 | 2.5 | -0.53 (-17.49%) |
| Dec 18, 2026 | 3 | -0.03 (-0.99%) |
| Jan 15, 2027 | 3.5 | 0.47 (15.51%) |