Rocket Companies Option Alert: Fri $11.5 Calls Sweep (3) near the Ask: 2283 @ $0.21 vs 201 OI; Ref=$11.485
Portfolio Pulse from Charles Gross
There was a notable options market activity for Rocket Companies, with a sweep of 2283 call options at a strike price of $11.5, expiring on Friday. These were traded near the ask price at $0.21, compared to an open interest of 201, indicating new positioning. The stock reference price at the time was $11.485.

December 13, 2023 | 7:30 pm
News sentiment analysis
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A large volume of call options for Rocket Companies was purchased, suggesting bullish sentiment from options traders. This could indicate an expectation of a short-term price increase.
The purchase of a large number of call options at a strike price close to the current stock price often suggests that traders are expecting the stock to rise in the short term. The fact that these options were bought near the ask price and that the volume significantly exceeds the open interest indicates aggressive buying interest, which could lead to a short-term increase in the stock price if the sentiment is shared by the broader market.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80