RAD

If you want entertainment on RAD:

https://www.reddit.com/r/wallstreet..._and_walgreens_agree_to_terminate_merger_per/

1500 comments, now that is a thread...

 

I think the arbs were already out. The rally from 3 to 4 was a short squeeze. And the shorts piled back in.

I agree that the vol is too cheap (from a qualitative perspective)

 

Just picked up some 8/18 $3 calls for .19. Have 2 conditional close orders set up on this one. This will be an all or none (I might close at my discretion when back from vacation).

 

Evercore downgraded Rite Aid this A.M. to underperform.
These guys are good.
https://www.streetinsider.com/Analy...(RAD)+to+Underperform,+$2.50+PT/13061359.html

 

If only they'd told us that two days ago!!! (or told your buddy that )

 

I'm pretty sure they'll downgrade CARA on Monday.
Hey good job on those calls btw... it looks like you're up 40% if it holds.

 

Lovin' that chart too. Lots of bullish pressure on that one today.