Transocean Ltd. (RIG)

RIG trades at $3.19, 6.3% above the near-term max pain of $3 expiring Oct 3, 2025 (4 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$4), signaling increased put positioning or downside protection. Key magnetic zone at 3 where 13 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for RIG shows a downward trend from 4 to 2.5, indicating bearish sentiment or hedging activity. The 49% spread signals divergent expectations across timeframes. Most levels below 3.19 may cap rallies. Strong magnetic level at 3 (13 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.