Day 24, $22,259

Markets had another bullish day based on better than expected economic data for the most part with pretty good volume. No changes to current positions.

There was more suspicious activity with DRYS options. There was another heavy day of calls being bought in both Sept and Oct. I have been observing this for quite a few days. During these observations DRYS stock has climbed from about $6.00 to almost $7.50. That is quite a jump. Today once again I noticed the same thing. I might be getting in this too late but I will be placing a limit order for 10 contracts of the Oct 8 strike at $0.55. This goes against a few rules that I typically trade by. For one, there is less than 45 days on the option I am buying. For two, I don't really have a spread type strategy. If it gets filled I will put in an order to close the trade if the option loses half of its value. If it begins to gain value, I will place a trailing stop order. Once again, this is typically not the strategy I follow, but it seems appropriate in this case. Worse case is I lose $275, but with the heavy options volume, short term uptrend with heavy volume, MACD, RSI and other indicators pointing bullish, let's give it a shot.