Investadvisor

DryShips Inc. (DRYS) owns, through its subsidiaries, a fleet of 40 drybulk carriers comprised of seven Capesize, 29 Panamax, two Supramax, and two newbuilding drybulk vessels, as well as two ultra-deep-water semi-submersible drilling rigs and two ultra-deep-water newbuilding drillships. The Company's drybulk fleet carries a variety of drybulk commodities including coal, iron ore, and grains, bauxite, phosphate, fertilizers and steel products. DryShips Inc. employs its drybulk vessels under period time charters, on bareboat charters, in the spot charter market and in drybulk carrier pools. Its subsidiaries include Ocean Rig ASA, DrillShips Investment Inc. and Primelead Shareholders Inc.



Currently Dryships has a 52 week low of 2.72 a high of 84.73. The last 3 months the stock trades at a range of 5-10$. Last friday it closed at 6.06$. Thats the ideal price to buy this stock and write immediately a covered call against it. For a july 18th covered call at a strike price of 7$ has a 0.20 $ per share. if it reaches 7$ the the total gain will be 1.14$ per share. Thus having just 1000 shares of that stock, in just 20 days you can have a quite remarkable gain. If it doesnt reach the 7$ strike price, then your position will be closed without selling any share but having a gain of 0.2 per share (the premium).