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Tuesday, December 16, 2008

Put on DRYS



DryShips INC (DRYS) has made a nice run, so I've decided good or bad to take the opposite side of this trade. I bought a Jan 2009 $12.50 put (OOCMV.X) for $3.80. I'm looking to take advantage of the slowing market as we head into the holidays and as investors begin to close out their positions.

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