DRYS 1.5 strike call

anyone in the DRYS call.

I am adding DRYS 1.5 strike call Septem/Oct. trade small lot 2.0 strike call.

DRYS looks good, the trend is going to change.

 

Is there some catalyst for this trade? The stock has been pretty much range bound for awhile. Isn't time decay going to eat at the front month without some type of substancial move? Not bashing, just asking.

 

From a previous DRYS posting:

 

china/euro including U.s. is booming. shipping should be positive.
there is almost no time decay. since the premium is very close to the market. it is in my retirement account, I need hold it a little bit long using some leverage. when it jumps to 2.55+, my calls will be doubled.

 

Like your FB calls that never traded at a penny?

 

It looks like there is some serious resistance between 2.18-2.25. Not being in at this point I personally would not be an option buyer, but I will look for a trade if it breaks and holds above 2.25. Good luck with your trade. I hope you do well with it.

 

Why trade a call on a stock under $3? The stock is an option.

 

Does capacity factor into your equation?

 

"dry bulk shipper DryShips reported a $0.05 per-share loss earlier this month. That sounds bad, but it was actually $0.02 better than what analysts had been expecting. This news, plus anticipation of "potentially significant price appreciation" at the company's Ocean Rig UDW (ORIG) subsidiary, has analysts at Imperial Capital feeling optimistic about DryShips. Imperial initiated coverage of the company this morning with an outperform rating and a $2.75 per-share price target. But here I have to disagree.

Neither DryShips nor its UDW subsidiary are currently profitable. Both carry significant debt loads -- $2.6 million net of cash at UDW; nearly $4.2 billion at DryShips. DryShips looks particularly unseaworthy, inasmuch as it has been burning cash consistently for the past three years, burned more than $515 million in the past 12 months, and is experiencing declining levels of operating cash flow as well.

Despite trading for only a fraction of its book value, DryShips' heavy debt load and inability to generate cash for shareholders tells me this is a company best to be avoided. "

http://finance.yahoo.com/news/thursdays-top-upgrades-downgrades-152619727.html

http://finance.yahoo.com/q/bc?t=1y&s=DRYS&l=on&z=l&q=l&c=&ql=1&c=^GSPC

http://investing.money.msn.com/investments/financial-statements?symbol=DRYS



"china/euro including U.s. is booming. shipping should be positive.
there is almost no time decay. since the premium is very close to the market. it is in my retirement account, I need hold it a little bit long using some leverage. when it jumps to 2.55+, my calls will be doubled"

http://www.youtube.com/watch?v=wyCRKJyGIFs

 

here is FB's call traded today.