Call Options Outnumber Put Options 10 to 1 on DryShips

Do you think a 10 to 1 ratio of calls to puts tells you something about a stock? Maybe. At least the majority of investors think the stock’s going up. Does somebody know something? Hard to tell, but you can definitely factor all this into your research if you take a closer look at DryShips.

Monday there was a significant development during the trading session on DryShips options contracts, in that they experienced a low Put/Call ratio.

The aggregate volume of Put contracts vs. Call contracts equated to a 0.10 ratio where 4,272 Puts and 43,004 Call contracts traded.

Options can be used as predictors of stock behavior. Investors can use Put/Call ratios as technical indicators to read for signs of institutional sentiment.

The Put/Call ratios offer insight to investors and can be used as either a direct or contrarian indicator for trading decisions. Unusual volume provides reliable clues that the stock is expected to make a move.

DryShips settled + 0.25 to 3.64 in Friday’s trading session.

Monday’s trading range was between 3.48 and 3.65 respectively.

On the volume side: 18-M shares were traded, which is greater than the average volume of 9-M shares.

DRYS is trading above its 50 the 200-Day Moving Averages.

The stock’s 52 wk low is 1.75 and 52 wk high is 5.12. Within the last Quarter, the shares have gained 70.89% of their value.

See Live Trading News for the rest of the story

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One single comment

  1. Hai Nguyen says:

    That is interesting, thanks, i have not considered unusual volume before when trading. I am sure unusual options volume happens all the time?

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