On September 27, I recommended a buy on the Rite Aid (RAD) January 2016 7 call up to 80 cents. Hearing that some of you bought at just 50 cents, you’ll be happy to know that the call last traded at $1.85.
That’s a gain of 270% in less than a month.
That gain is thanks to discussions that the company may be a Walgreen’s acquisition target at up to $10 a share.
Sell to close the RAD trade for gains…
Ian L. Cooper
Rapid Retirement System