When the Stock Is the Only Option

From time to time, I like to step out of the options limelight and grab a stock. That's more often the case for retirement accounts, but I'll do it in trading accounts. Sometimes it is out of choice, but other times, like with CytomX Therapeutics (CTMX) , it is out of necessity. This small biotech name doesn't offer liquid options yet. With a market cap just under a billion dollars and an average trading volume shy of 400,000 shares, the action in the options market simply isn't something tradeable. For instance, the bid on the July 20 call is $0.50 while the ask is $4.90.

That is simply unworkable....268 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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