Bulls Looking to Strike Black Gold

December 30, 2019

We're buying to open the Transocean Limited (NYSE: RIG) Jan. 24, 2020, $7 call up to $0.42 per contract or better, for the day.

We're seeing a bullish buy now signal due to a surge of in call options purchased in the Jan. 24, 2020, $7 call strike with purchasing over $650,000 in options premium thus far.

Hot Money only profits if prices will soar higher in the next 25 days.

Here's what we're doing...

Action to Take:

  • In your brokerage account, locate the RIG Jan. 24, 2020, $7 call:
  • The symbol is RIG200124C00007000.
  • Search for options under the stock ticker: RIG.
  • Make sure you choose the right options expiration (expiring on Jan. 24, 2020).
  • Choose the $7 strike price.
  • Select "calls" options. Select how many contracts to buy.
  • Once you have the right contract, click "buy to open."
  • Choose "limit order." (This sets the max price you'll pay per contract).
  • Use a limit of $0.42 per contract.
  • Click "Day" for TIF (Time In Force).
  • Then click "buy" to transmit the order.

You can also call your broker and say, "I want to buy to open RIG Jan. 24, 2020, $7 call with a $0.42 limit or better; for the day."

Giddy up!





Joshua M. Belanger
Joshua Belanger is founder of CounterVest and the editor of Hot Money Trader. He has been providing ordinary investors blockbuster returns since 2008. In 2018, the average return of Hot Money Trader beat the markets by over 15%