Industrial Transportation
Dryships Inc (DRYS) $2.59 +7.69%
Dryships (DRYS) sees a second day of increasing volume. Shares are up 20 cents to $2.63 on volume approaching 14 million. Typical volume in the first two hours is about 2 million shares. Meanwhile, options activity is running 3.5X the daily average. 21,000 calls and 1,245 puts traded on the stock. Today’s flow seems to [...]
Dryships Inc (DRYS) $2.40 +11.11%
Dryships (DRYS) saw an unsual spike on heavy volume Friday afternoon and is trading up 23 cents to $2.39 on share volume of 15 million, which is more than 3X the norm. Options volume is running 4x the daily average. 18,000 calls and 3,170 puts traded. Feb 2, Feb 2.5 and Mar 2.5 calls are [...]
CH Robinson Worldwide Inc (CHRW) $68.72 -1.08%
CH Robinson Worldwide (CHRW) loses 57 cents to $68.90, but options order flow on the stock is bullish Friday morning. 9,045 calls and only 85 puts traded on the Eden Prairie, MN freight transporation company. The top trade is a 2500-lot of Feb 75 calls bought for 45 cents per contract. The other trades in [...]
Expeditors International of Washington Inc (EXPD) $44.19 +0.75%
Expeditors International (EXPD) adds 31 cents to $44.17 and options volume on the Seattle, WA airfreight and transport company is running 4X the daily average, being driven by a Jan 40 – 47.5 bullish risk-reversal at 10 cents, 1470X on ISE. 2000 traded on the day and data confirm that a customer sold puts to [...]
Norfolk Southern Corp (NSC) $70.05 +0.33%
Norfolk Southern (NSC) has added 20 cents to $70.02 and a Jan 55 – 65 put spread is sold on the stock at 50 cents, 13750X. The position looks opening and seems to be a bet that shares will hold above $65 (~7.2%) through the Jan expiration (32 days). Shares of the railroad company have [...]
Overseas Shipholding Group Inc (OSG) $9.29 -5.01%
Deep OTM put buyers in Overseas Shipping (OSG), as shares sink to new 52-week lows today. The stock is down 48 cents to $9.30 and Apr 4 puts are the most actives. 1,492 traded (91 percent Ask) vs. 365 in open interest. April 3 and 5 puts are seeing interest as well. Total volume is [...]
Ship Finance International Ltd (SFL) $9.68 -11.44%
Quick followup on the selloff and vol pop taking place in Ship Finance. Our systems show firms with options positions in the name, and the largest by size is Highbridge Capital with 6573 long puts on their book as of Sep 30. This is nearly half the put open interest at the time.
Ship Finance International Ltd (SFL) $9.69 -11.32%
Ship Finance (SFL) loses $1.28 to $9.65 and implied volatility in the options on the stock is elevated, amid increasing put volume today, after Moody’s downgraded the stock today. 2,060 puts and 340 calls traded in SFL. By way of comparison, typical volume through midday is 500 contracts. Jan and Feb 7.5 puts are the [...]
Ship Finance International Ltd (SFL) $11.02 -20.21%
Heavy trading in Ship Finance (SFL), which is trading lower in sympathy with Frontline today. FRO fell more than 40 percent after posting a net loss for the third quarter and warning that it was burning though its cash. SFL, which is due to relese earnings tomorrow morning, is down $2.77 to $11.04 and falling [...]
World Fuel Services Corporation (INT) $39.85 -0.77%
Pre-earnings action in World Fuel Systems (INT) is focused on Nov 35 puts. Shares lost 31 cents to $39.85 and the top trade is a 1461-lot for 75 cents when the market was 55 to 75 cents. 4,030 traded against 443 in open interest. Implied volatility in the options on the Miami, FL oil and [...]
