Dryships (DRYS) sees a third day of high volume (see 2/3 and 2/6 color). Shares are down 3 cents to $2.78 on volume of 16.3 million Tuesday, which is more than 4X the typical activity. Options volume is running 3X the daily average. 20,000 calls and 2,300 puts so far. February and March 2.5 and 3 calls are the most actives. Implied volatlity is off 4.5 percent to 78.5 after the two-day 30 percent pop in the stock prior to today. Still no news on the ticker.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.