Rite Aid Corp. RAD – Update.
We have been attacking the RAD options chain on a number of fronts, most recently being Friday morning, when we issued a couple of sets of ideas. Today we will focus on those expiring this Friday, which were the RAD 01/03 $21-23 Calls.
We’ll continue to monitor these plays throughout the rest of this holiday-split week, but for now, here were the ranges and total possible gains on those five sets of RAD contracts:
$21 Calls: 2.00-4.90 (+145%)
$21.50 Calls: 1.07-2.51 (+135%)
$22 Calls: 1.50-2.46 (+64%)
$22.50 Calls: 1.18-2.10 (+83%)
$23 Calls: .78-2.01 (+158%)
We also signaled interest in a much longer term RAD idea on Friday morning, with the RAD 04/17 $27-30 Calls, which we are not quite ready to report on just yet, but will continue to monitor into the New Year.
Fresh Options Idea:
Pampa Energia PAM 03/20 $22.50-25 Calls
NIO, ACST, SVRA, YAYO, NIO, SPHS, OCUL