Analysis of RIG (July 10, 2009)

End of Day Update: Last Price at EOD is 83.95, geez...this is insane...this stock is certainly going to 93 or 80 by OpEx....game is not over yet.

Rig is about to make at least a 3 dollar move




Imagine if you were an MM which do you prefer? The image shows potential profits or losses for a range of strike prices, the odds are for RIG to close at 80 or below....However...would MMs be crazy enough to push prices up to 83 - 93?....Sounds insane right...?


As a final note, don't get silly and buy a lot of puts on this stock...MMs have the ability to change their targets at any time...