Rocket Companies Option Alert: Fri $14 Calls Sweep (32) near the Ask: 1250 @ $0.201 vs 209 OI; Earnings 5/2 After Close [est] Ref=$13.49
Portfolio Pulse from Charles Gross
There was a notable options activity for Rocket Companies, with a sweep of 1250 calls for the $14 strike price at $0.201 each, against an open interest of 209. This activity comes ahead of the company's earnings report, estimated to be released after the market closes on May 2nd. The reference stock price at the time of the options trade was $13.49.
April 08, 2024 | 4:46 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Rocket Companies saw significant options activity, indicating investor speculation or hedging ahead of its upcoming earnings report. The activity could suggest expectations of positive news.
The sweep of calls at a strike price near the current stock price, especially ahead of earnings, often indicates a bullish outlook from investors or hedging against expected volatility. Given the volume exceeds current open interest, this suggests new positions are being established, potentially in anticipation of favorable earnings.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90