The options market believes something is afoot at Dryships, according to one market observer.
"Keep an eye on Dry Ships for a big move there," she said Thursday on CNBC's "Squawk Box."
"What's interesting is that dry-bulk shipping is an interesting sector play because it sort of represents the confluence of the commodities boom and the credit crunch. It's like right there at the vortex, so something is going to happen in this sector. It's really very interesting. These dry-bulk shipping companies, their share prices have gone way, way up, because of shipping rates. They've been very high, and, of course, they've been able to charge these rates because there's been a limited supply of container ships, and continued high demand for commodities.