Option traders moderately bearish in Rocket Companies (RKT), with shares down 44c near $14.76. Options volume relatively light with 9858 contracts traded and calls leading puts for a put/call ratio of 0.63, compared to a typical level near 0.4. Implied volatility (IV30) is higher by 1.6 points near 67.25,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.
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Read More on RKT:
- Rocket Companies price target lowered to $17 from $19 at Wells Fargo
- Rocket Companies price target lowered to $16.50 from $24 at JPMorgan
- Buy Rating Reaffirmed on Rocket: Macro Rebound, Marketing Investments, and AI-Driven Operating Leverage Support $19 Price Target
- Moderately bullish activity in Rocket Companies with shares up 1.1%
- Rocket Companies upgraded to Overweight from Equal Weight at Barclays