Bearish flow noted in Rocket Companies with 1,213 puts trading, or 1.4x expected. Most active are Oct-23 7.5 puts and 10/13 weekly 8 puts, with total volume in those strikes near 890 contracts. The Put/Call Ratio is 1.58, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 2nd.
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Read More on RKT:
- Rocket Companies put volume heavy and directionally bearish
- Rocket Companies price target lowered to $9.25 from $11.50 at Keefe Bruyette
- Rocket Companies call volume above normal and directionally bullish
- Unusually active option classes on open October 2nd
- Rocket Companies price target raised to $10.50 from $8.50 at UBS
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