Shares of CytRx Corp. (CYTR) are p .03 to 3.62. ?CYTR is near the bottom of the 52 week range.

Today paper traded 1333 CYTR Dec/Mar 5 call spread for .15.? The ADV is 889 contracts. The OI is 9911 in Dec and 0 in Mar.

The volume went up in 2 large blocks.? This is really the only paper trading in CYTR today and the trader is probably rolling out of Dec and into Mar to play a long cycle trade.? The pricing is showing buying Mar and selling Dec with the Dec most likely closing.

?30-day implied volatility is 119%.?? 10-day implied volatility is 83%.? 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.