Dryships (DRYS) adds 34 cents to $4.17 and options are busy today after Goldman Sachs upgraded the stock to Buy from Neutral. 32,000 calls and 8,260 puts traded on the dry bulk shipper. The top trades are part of a (register to read more …) [...]

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YRC Worldwide (YRCW) adds a nickel to $2.27 and 50000 call options traded on the trucking company today. One player drove most of the action. They bought 21,005 April 3.5 calls at 11 cents and sold 20,000 July 2.5 calls (register to read more …) [...]

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Genco Shipping (GNK) puts are busy, as the slide in the share price continues for another day. GNK touched a new -52-week low and is down 42 cents to $11.84 after Wells Fargo downgraded the stock to Market Perform. Shares (register to read more …) [...]

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Norfolk Southern (NSC) with relative strength and increasing call activity Friday. Shares notched a new 52-week high and are up $1.05 to $64.85. 11,000 calls and 2,000 puts traded on the railroad operator. The action includes a multi-exchange sweep of (register to read more …) [...]

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Dryships (DRYS) sees a negative reaction to news it plans to buy 12 oil tankers from a Korean shipbuilder over the next three years and also to spin the tanker unit off into a standalone unit. Shares are trading down (register to read more …) [...]

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Dryships (DRYS) shares are up 60 cents to $5.83 and options action is heating up after the Greek drybulk shipper announced plans to sell shares of its Ocean Rig drilling unit to raise $500 million. The funds will be used (register to read more …) [...]

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UPS adds 31 cents to $70.30 and is perhaps getting a lift from yesterday’s Credit Suisse upgrade of FedEx (FDX). Shares of FedEx are up 5 percent on the week. Meanwhile, options action is heating up in UPS Tuesday. 31,000 (register to read more …) [...]

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14000 calls and 5640 puts traded on FedEx (FDX) so far today. Shares are up $3.24 to $90.74 after Credit Suisse upgraded the stock to Outperform from Neutral. Dec 90 calls have traded 6157X and 65 percent trading at the (register to read more …) [...]

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Dryships (DRYS) adds 16 cents to $4.85 and is in the midst of a three-day 15.5 percent run higher. Meanwhile, options volume includes 26,000 calls and 3,040 put options, or 3X the typical volume for early afternoon. The action is (register to read more …) [...]

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DryShips (DRYS), which rallied around a Morgan Stanley upgrade yesterday (see 9/27 color), is up another 41 cents to $4.88 after winning a $135 million contract for drillship. The contract is “easing financing concerns that have plagued the company for (register to read more …) [...]

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