ThetaTrades

RAD 2-1-2 Reversal #TheStrat

Long
NYSE:RAD   Rite Aid Corporation
Technical confirmation: Looking for a reversal on RAD at the support level here. Will not enter this trade until the reversal is confirmed with a break above the high of Fridays bar.

Trade execution: Will look for a 15.50 CSP - Provides extra room for error
Comment: Signalled 2 reversal upwards. 15.50 R:R was not present. sold the 4/23 17 strike CSP