DryShips (DRYS) Volatility Elevated on Q1 Numbers; Baltic Dry Index Flat

May 7, 2012 10:21 AM EDT
DryShips (Nasdaq: DRYS) volatility is elevated heading into its quarterly numbers, expected out later in May, as the Baltic Dry Bulk index remains flat on the session.

Market data shows DryShips implied volatility up 7.7 percent on the session to 64 percent. The number is about 126 percent better than its historical volatility calculated over the last year.

Shares are 1.7 percent lower Monday on lighter volume.

DryShips last reported results on February 22nd. For the upcoming quarter, analysts are expecting EPS of 9 cents on revs of $349.4 million.


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