The original initiated price of this coverage was $75.54. Over the time span of this coverage, the underlying security paid 3 dividends, comprising 4.4% dividend income.
Today is the anniversary of the Deepwater Horizon oil rig explosion, an ecological disaster that left the gulf coast mired in muck nastier than all of the white dogshit in the history of the world combined. Looking at the headlines over the past couple of days, a few tear-jerker pictures of wildfoul soaked in oil have been about the only negative reminders of this tragedy, which killed 11 crewmen, the gulf coast fishing industry, and any chance of the Saints making it back to the Super Bowl. Okay, I made that last part up.
The long and the short of it is that Transocean, owners and operators of that rig and several others like it (and the only kid on the block, where ultra deep water drilling is concerned) not only managed to shimmy out of most of the public blame (which fell primarily on BP's shoulders) but have managed to make some serious gains over the past year. With oil prices surging ever higher, there's no reason to believe they won't see a lot of interest as this year roars on.
There's a lot of people out there shouting "Stop the drilling, stop the madness," like Jessie Spano in Saved By The Bell but the media's not giving them nearly as much ink as it is the lobbyists who'd have us all end up like Becky the duck.