Commit To Purchase CytRx Corp At $0.50, Earn 49.7% Annualized Using Options
October 21, 2016 at 11:36 AM EDT
Investors considering a purchase of CytRx Corp (CYTR) shares, but cautious about paying the going market price of $0.5287/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2017 put at the $0.50 strike, which has a bid at the time of this writing of 10 cents..