Just p/u 100 contracts for .20c ,I think by Feb. they will have contracts for the new rigs ,and possible stock buy back will push DRYS over 3.50 easy, alot of year end tax lost sell-off going on to.
Nice trade. I bought 100 $2 June calls at .40 but sold on Friday for a crappy .60 $2K profit but now I know that was a foolish move so I am determined to hold my 10K shares and not make the same mistake twice! Good luck!
"A move in the right direction Just need $1.00 more by Feb. to 3.25 calls should be over $1 each"
You new to options? If DRYS hits $3.25 in Feb, those $2.50 June calls will be worth WAY more than $1. The time value left would be $1 or more by itself.