$RKT 20251017 16.0 PUT$ Bottom

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CutieYolkYolk
10-06

$RKT 20251017 16.0 PUT$

Bottom fishing.

Saw this mortgage company is dropping for the 4th consecutive week and is nearing new support zones around $16.

Not knowing if this support will hold, but at least it's worth a trade and looking for a rebound.

RKT just completed a merger with COOP and price gets wonky.

Looking at mispricing or maybe I'm a fool to think that everyone else see this wrong.

Anyway, setup 2 sell puts trades for Oct 17 and 24 expiry both with $16 as the strike level.

RKT PUT

10-06 23:02

US20251017 16.0

Side	Price \| Filled	Realized P&L
Sell Open	0.25 5Lot(s)	-- Closed

Rocket Companies

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Wade Shaw
·10-07
4-week drop + $16 support—this mispricing play’s worth the shot!
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Ron Anne
·10-07
Two expiries at $16—isn’t doubling down raising assignment risk?
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Phyllis Strachey
·10-07
Selling RKT $16 puts post-merger—bottom fishing here could pay off!
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BartonBecky
·10-07
Great insight! Hoping for that rebound! [Wow]
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Saw this mortgage company is dropping for the 4th consecutive week and is nearing new support zones around $16. Not knowing if this support will hold, but at least it's worth a trade and looking for a rebound. RKT just completed a merger with COOP and price gets wonky. Looking at mispricing or maybe I'm a fool to think that everyone else see this wrong. 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Hoping for that rebound! [Wow]","text":"Great insight! Hoping for that rebound! [Wow]","html":"Great insight! Hoping for that rebound! [Wow]","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0}],"hasMoreComment":true,"orderType":2}