Notable Call Options Activity in DryShips

Shares of DryShips

are higher on the session by 11.98%, currently trading at $3.74. The stock has been moving largely higher over the past five weeks and is currently trading above the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the March 2012 $3.50 call, which has traded 9,175 times on open interest of 4,368 contracts. Large lots are active on the name today. Calls are outpacing puts today by 5 to 1. DryShips Inc. is a holding company. The company is engaged in the ocean transportation services of drybulk cargoes and crude oil worldwide through the ownership and operation of drybulk carrier vessels and oil tankers and offshore drilling services through the ownership and operation of ultra-deepwater drilling units.