Moderately bullish activity in Rocket Companies (RKT), with shares up 16c, or 1.1%, near $15.12. Options volume relatively light with 27k contracts traded and calls leading puts for a put/call ratio of 0.85, compared to a typical level near 0.36. Implied volatility (IV30) is higher by 2.4 points near 66.61,and above the 52wk median, suggesting an expected daily move of $0.63. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Overweight at Barclays.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RKT:
- Rocket Companies upgraded to Overweight from Equal Weight at Barclays
- Mixed options sentiment in Rocket Companies with shares up 4.71%
- Option traders moderately bearish in Rocket Companies with shares down 1.68%
- Mixed options sentiment in Rocket Companies with shares up 0.46%
- Arm upgraded, Mondelez downgraded: Wall Street’s top analyst calls