Options story about DRYS - DryShips.
DRYS is recently up $3.11 to $10.29. DRYS owns and operates a fleet of drybulk carriers. DRYS January 12.5 calls have traded 608 times on transaction volume of 9,686 contracts, its open interest of 3,380 contracts. DRYS December 10 straddle is priced at $3.60, DRYS January 10 straddle is priced at $5.90 according to Track Data, suggesting larger price movement.
Also - Shippers have been mentioned positively at Credit Suisse who we suspected were big buyers in DRYS and GNK last week. Credit Suisse said they are hearing of a pick-up in metals activity in Asia, which is a positive on DRYS, TBSI, DSX, and GNK.
