Transocean Inc (RIG) opened at $128.49. So far today the stock has hit a low of $127.6 and a high of $131.51. RIG is now trading at $130.30, up 5.02 (3.98%). After hitting a one-year low of $72.47 in January, the stock hit a one-year high of $131.00 earlier this month. RIG is trading higher this morning after a Credit Suisse analyst reiterated his rating of RIG at Outperform following the regulatory approval of its $18 billion acquisition of Global Santa Fe (GSF). Technical indicators for RIG are bullish and steady, while S&P gives the stock a positive 4 STARS (out of 5) buy rating. If you’re looking for a hedged play on this stock, consider a January bull-put credit spread below the $110 range. RIG hasn’t been below $110 by more than a few cents since September and has shown support around $115 recently. This trade could be risky if the price of oil drops off, but even if that happens, this stock could be protected by strong support RIG found around $110 over the past 3 months. [LHF- Seven Summits Strategic Investments NewsBite]