Given the recent sale of two rigs and a significant non-cash charge, alongside declining oil prices impacting Transocean's stock, I believe that RIG is poised for further downward movement. This creates an opportunity for a short position as the company navigates a challenging market environment.

With RIG trading at an all-time low due to the recent sale of their oil rigs and insider buying 2,000,000 shares, I believe the company has strong potential for a price increase. There's also speculation of Nancy Pelosi's involvement, hinting at possible positive developments.