DRYS options question

Question

Quick question to Walls and some of the other guys on this site that are up to speed on some of the shipping stocks.  I have some deep in the money options on DRYS that I picked up back in early March.  They are Jan 11 2.50 calls.  Sitting on a pretty nice profit right now, just wondering what your mid-term thoughts are on this company.  My original plan was to ride them out to exp, but George can do some really shady shit and I am not sure what the market share of this company could look like in 18 months.  It looks like they got the debt picture under better control, but they def seem to have a bit of a stigma on the street right now.  &#xD;&#xA; &#xD;&#xA;Thanks in advance for any input, really respect the advice on this forum.

juelesbenedict · Answer

Quick question to Walls and some of the other guys on this site that are up to speed on some of the shipping stocks.  I have some deep in the money options on DRYS that I picked up back in early March.  They are Jan 11 2.50 calls.  Sitting on a pretty nice profit right now, just wondering what your mid-term thoughts are on this company.  My original plan was to ride them out to exp, but George can do some really shady shit and I am not sure what the market share of this company could look like in 18 months.  It looks like they got the debt picture under better control, but they def seem to have a bit of a stigma on the street right now.  &#xD;&#xA; &#xD;&#xA;Thanks in advance for any input, really respect the advice on this forum.

JEFFMARKETCAP · Answer

Nice call.  YOu made some nice money.  Sell half and let the rest ride.  Thats what I would do.  I think it will go higher if this rally continues.  Gl whatever you do

wallstreetcappers · Answer

If it were me I would roll up on the options, stay in the money but roll up and out and cash in some of the profit.

If you need more explanation let me know, but I would look at longer term options with a 5 or 6 strike if possible..

DRYS options question

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