Investors in Rocket Companies Inc Class A (RKT) gained access to new options contracts expiring on November 20, 2023. Notably, a put contract at a $12.00 strike is currently bid at 58 cents, presenting a potential opportunity for investors to acquire shares at an adjusted cost of $11.42. This strike price represents a 19% discount from the current trading price of $14.78 per share, with a 78% chance of the put contract expiring worthless.
Additionally, options on the call side include a contract at an $18.00 strike, with a current bid of 50 cents. If bought and sold as a covered call, it could lead to a total return of 25.17% if reached by expiration. This strike price is approximately 22% above the current price, with a 55% likelihood of the call expiring worthless, allowing investors to retain both shares and premium collected.
The implied volatility for the put is at 66%, while the call’s is 72%. The trailing twelve-month volatility is calculated at 61%, based on recent trading data.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
