Shares of CYTRX Corp. (CYTR) are up .74 to 4.76 today.? CYTR is making a 52-week high.
Today paper traded 549 CYTR Jan 5 calls for .35-.70. The ADV is 362 contracts.? The OI is 459 contracts.
The volume went up in scattered small size lifting the IV in Jan by .5 points.? The buyers are jumping into Mar and Jun options as well.? While some paper could be short call covering, the bias is for more upside movement.
30-day implied volatility is 145%.? ?10-day implied volatility is 272%.? 30-day implied volatility is trading below the 10-day historical volatility.
CytRx Corporation (CytRx) is a biopharmaceutical research and development company specializing in oncology.