Buy Alert: September 16, 2014

| September 16, 2014

Buy Alert:  September 16, 2014


Trade Details

Buy Transocean (RIG) November 37 Calls for $1.30 or better



RIG, along with other oil drillers, have gotten hit over the last couple months with the declining price of oil. However, company fundamentals are still looking really good. And eventually, investors won’t be able to let this bargain pass them by.

RIG is trading at just 7x earnings and 0.77x book value. Not to mention, the stock comes with an excellent 8.4% dividend yield. I believe a rebound in RIG will occur prior to November expiration.

As such, let’s grab the November 37 calls here.


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Category: OTW Buy Alerts