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

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.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Market Vectors Gold Miners ETF (GDX) call put ratio 3.1 calls to 1 put with a focus on August 7 weekly calls as share price up 4.1%
• SPDR Gold Trust (GLD) call put ratio 2.9 calls to 1 put with a focus on August calls as share price up 2.5%
• First Solar (FSLR) call put ratio 3.8 calls to 1 put with a focus on August 14 weekly 245 calls as share price up 2.2%