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.
