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DryShips DRYS (news,
chart,
quote) - DRYS volatility Spikes; shares down 18%
DRY is recently down $3.63 to $15.67 on unconfirmed LBO chatter. DRY owns and operates a fleet of drybulk carriers. DRYS call option volume of 11,818 contracts compares to put volume of 12,004 contracts. DRYS November option implied volatility is at 177, December is at 156; above its 6-month average of 84 according to Track Data, suggesting larger price movement.
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