Moderately bullish activity in Rocket Companies (RKT), with shares up 55c, or 2.62%, near $21.32. Options volume roughly in line with average with 36k contracts traded and calls leading puts for a put/call ratio of 0.35, compared to a typical level near 0.42. Implied volatility (IV30) is higher by 1.8 points near 76.96, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.03. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at BofA.
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