Options Brief: Genco Shipping & Trading

Shares of Genco Shipping & Trading GNK are lower on the session by 4.97%, trading at $6.40. Overall put volume is now running at 2.36x the daily average, with 65% of all puts traded being purchases on the offer. 1,576 contracts have traded on the session so far. Genco Shipping & Trading Limited is engaged in transporting iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. The company's fleet consists of 35 drybulk carriers.