Shares of CytRx Corp. (CYTR) are down .02 today to 3.14. ?CYTR is near the bottom of the 52-week range.

Today paper traded 5000 CYTR May 2.5 puts at .20.? The ADV is 1849 contracts.? The OI is 35 contracts.

The volume went in one block.? The trade looks like a put seller just off the bid.? Earnings are in the May cycle so the trader is looking to potentially pick up shares of CYTR on a bad report.? IV is down 6 points in May so the bid for volatility in CYTR is dropping.

30-day implied volatility is 122%.?? 10-day implied volatility is 94%.? 30-day implied volatility is trading above the 10-day historical volatility.

CytRx Corporation (CytRx) is a biopharmaceutical research and development company specializing in oncology. The Company’s oncology pipeline includes three programs in clinical development for cancer indications: