Closed out DRYS OCT call spread for a 12% gain. Could have held on, but you never know with these stocks that have a lot of strength. Could shoot back up in the next couple of days, leaving me "high and dry."
I agree. I would be more inclined to sell some premium at this point. A NOV 50/55 call spread is paying ~$1.50 credit (look at the IV!) Unless volume comes in, I don't think it's going to move IMO.