Early August proved that all good things can come to an end including the extremely consistent and profitable channel RTRX
followed for 6 months. However, recent trends in RTRX
may indicate that the original trend channel that ran so consistently might have merely shifted with its August dip. The angle is a complete guess at this point until a second channel bottom is confirmed, but regardless of the angle, this could be the start of another channel for this stock if not just a good swing setup. December $30 calls are my preference for this move since the October calls may not provide enough time for the full swing and would be subject to higher theta being that close to expiration.