Investors in Rocket Companies Inc Class A (RKT) can now trade new put options set to expire in February 2026. The noteworthy contract features a $19.00 strike price, currently bid at 5 cents. If an investor sells this contract, they agree to buy shares at $19.00, effectively lowering their cost basis to $18.95, compared to the current market price of $19.48.
This $19.00 strike price represents a 2% discount to the share price, and there is a 56% probability the put contract will expire worthless. Should that occur, investors could see a return of 0.26% on their cash commitment, which annualizes to 2.18%. The implied volatility of this option stands at 65%, while the trailing twelve-month volatility is calculated at 60%.
