Dryships (DRYS) is seeing a day of active trading. Shares are up 54 cents to $6.23 along with the other dry bulk shippers (DSX, EXM, EGLE) after China’s COSCO reported a smaller-than-expected loss for the first half of 2009 (Link to story). DRYS is leading and trading is active, with 60,000 calls and 12,000 puts changing hands. Sep 6 and 7.5 calls are the most actives, with 23.6K and 13.1K traded, respectively, and about 70 percent hitting ask-side. Average implied volatility is up to 69, from about 67 late Wednesday.