Commit To Buy CytRx Corp At $1, Earn 30.4% Annualized Using Options
January 20, 2016 at 11:49 AM EST
Investors considering a purchase of CytRx Corp (CYTR) shares, but tentative about paying the going market price of $1.60/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $1 strike, which has a bid at the time of this writing of 20 cents..