Options Traders Scoop Up At-the-Money Calls on DryShips

Options speculators have shown a rare affinity for calls on DryShips Inc. (DRYS - 3.10) today. In early afternoon trading, the shipping concern has seen roughly 13,000 calls change hands -- already surpassing its expected daily volume of about 10,000 calls. Meanwhile, fewer than 3,200 DRYS puts have crossed the tape. Jumping right in... The bulk <a href="http://www.straightenerghduk.com/2010-new-ghd-butterfly-pink-p-5725.html"><strong>ghd repair</strong></a> of the attention has been heaped upon the at-the-money October 3 call, which has seen around 6,100 contracts traded on open interest of fewer than 5,200, pointing to the initiation of new positions. Plus, more than two-thirds of the soon-to-be front-month calls have crossed closer to the ask price, <a href="http://www.ghdforsalediscount.com/limited-edition-precious-ghd-iv-styler-p-5743.html"><strong>nicky clarke straighteners</strong></a> suggesting they were bought. By purchasing the October 3 calls to open, the buyers are betting on DRYS to extend its recent climb above the 3 level over the next several weeks. However, as alluded to earlier, today's preference for calls runs counter to the growing trend seen on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). In fact, the security's 10-day put/call volume ratio on the exchanges sits at 0.26 -- in the 91st percentile of its annual range. In other words, options players have actually picked up DRYS puts over calls at a faster-than-usual pace during the past couple of weeks. At last check, DRYS has tacked on 3% to wink at the 3.10 level. From a longer-term perspective, the equity is challenging its 10-week moving average, which hasn't <a href="http://www.cheapstraightenersghd2011.com/ghd-2010-new-blue-serenity-p-5726.html"><strong>cheapest ghds</strong></a> been toppled on a weekly closing basis in about two months.