DryShips Trade Adjustment
December 30th, 2009
Earlier this morning I closed out the DRYS January 6 puts I wrote back on December 2nd. I also sold covered calls as part of that trade. I’m keeping the calls open and closing the put side of that strangle.
I was able to close these puts out at break-even so I decided against rolling them to February. DRYS is back below the 50 and 100 day SMA. If I want any more exposure to shippers I will probably look to sell DSX puts instead.
DRYS Daily