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All rights reserved. Today, it’s impossible to buy any option with a good strike for less than 60 cents. Rocket Companies (NYSE: RKT) surges 35% after the heavily shorted stock gets mentioned in a number of posts on WallStreetBets/Reddit. In other words, buy-and-hold investors need to wait for sub-$25 prices before jumping back in. There’s a lot of money to be made for those willing to take the gamble. The only scenario in which RKT doesnt make a profit is poor management or a societal collapse the likes we haven't seen before. Related Quotes. Love it or hate it, Reddit is back! Back in August, I wrote that Rocket Mortgage should fundamentally be worth $22 if the company expands Net Operating Profit (NOPAT) from 11% to 14% and maintains an 11% growth rate. In theory, rocketing prices should only affect call options premiums. You’ve lost again to retail investors. Altimeter SPAC in Talks to Take Ride-Sharing Startup Grab Public >>> READ MORE, A Golden Buying Opportunity Amid the Recent Tech Sector Meltdown, The Tech Selloff Has Created a Solid Buy Opportunity in Cloudflare Stock, Louis Navellier and the InvestorPlace Research Staff. Rocket Companies’ stock has been particularly volatile since reporting strong Q4 2020 earnings and announcing a special dividend on Thursday. This means that shorts have to either cover or pay the dividend by Friday, as the dividend is paid out to the owners of the shares at market close 3/9. Love it or hate it, Reddit is back! Because with Wall Street focused on the next potential short-squeeze of the century, Reddit investors could be making easy money elsewhere instead. While it’s generally easy money to profit from high IV, the strategy exposes you to unlimited losses. Short-Sale Restrictions: What to Know About the SSR Stocks Rule as GME Moves Wildly, 8 Biotech Penny Stocks for Investors to Watch, CPNG Stock IPO: 8 Things to Know as Coupang Starts Trading Today. Rocket hit an all-time high Tuesday after CNBC mentioned the company as a possible new target among traders discussing stocks on Reddit. Analysts now expect Rocket Mortgage’s revenues to decline 25% in 2021, followed by another 16.5% decline in 2022. Get instant alerts when news breaks on your stocks. 7 Value Stocks To Buy if the Market Falters. If GMEtards can hold a shitty overvalued stock and make shorts cover at high prices, shouldn’t you have the ability to hold a good undervalued stock (RKT… Find the latest Rocket Companies, Inc. (RKT) stock discussion in Yahoo Finance's forum. Rocket Companies (NYSE:RKT) plunged 33% on Wednesday after analysts warned that the stock had come too far, too fast. It’s time to make some easy money. The easiest way to profit from high IV is by selling far out-of-the-money puts. Wednesday’s drop is also notable because competitor UWM Holdings (NYSE:UWMC) is up more than 10% today, similarly buoyed by increasing U.S. Treasury bond yields and retail investor interest. Tuesday’s price action saw RKT stock push higher than Perlin’s price target of $30 after receiving a high volume of Reddit mentions on Monday, probably due to the stock’s high short interest. One of the hottest stocks of the day on Tuesday came crashing back down to earth Wednesday, as shares of Rocket Companies (ticker: RKT), a newly hyped Reddit stock that became a … With the Q4 earnings release, RKT issued a special dividend of $1.1 per share. But some of it also comes from retail investors looking to either cash in or protect their gains. Yesterday, Rocket Mortgage (NYSE: RKT) stock spiked 70% as members of Reddit’s r/WallStreetBets turned their … That’s why most market commentators will find themselves tongue-tied when advising Reddit investors whether to buy more $GME or other meme stocks. On the date of publication, Tom Yeung did not have (either directly or indirectly) any positions in the securities mentioned in this article. As word spreads about early investors’ super-normal profits, others start jumping on the bandwagon, hoping that a delta-gamma squeeze will send shares even higher. Any investor who put in $1,000 would have walked away with over $53,000. Reddit traders sparred Wednesday over which short-squeeze target should take priority on the message board following Rocket Companies' huge rally a day earlier. Prices for $34 3/5 RKT calls, for instance, jumped from 60 cents to $11.19 on Tuesday. Things can go either way. That's why you should buy and hold the stock. Nasdaq Altimeter SPAC in Talks to Take Ride-Sharing Startup Grab Public >>> READ MORE, a note by RBC Capital Markets analyst Daniel Perlin, strong Q4 2020 earnings and announcing a special dividend, A Golden Buying Opportunity Amid the Recent Tech Sector Meltdown, The Tech Selloff Has Created a Solid Buy Opportunity in Cloudflare Stock, Louis Navellier and the InvestorPlace Research Staff. Meanwhile, the options market provides a great way to play RKT stock: buy out-of-the-money calls or sell deep out-of-the-money puts in amounts that makes sense for your wallet. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Shares tumbled over 32% Wednesday and saw at least one trading halt on the New York Stock … Post-Market 0.14 (0.55%) Howdy, Great Ones!Are you ready for another foray into the great wide open? Fears of a GameStop repeat will have options sellers asking for ever-greater margins to cover the risk of a second spike. What Is the CPNG Price Range? One 5 year outlooks projected the stock at $48 - $220, and I’m confident on expecting the higher end of that projection. The $30-35 range, after all, is still a handsome 40% premium to its original price. RKT Stock: Did One Analyst Really Stop the Reddit Rally in Rocket Companies? Article printed from InvestorPlace Media, https://investorplace.com/2021/03/rkt-stock-did-one-analyst-really-stop-the-reddit-rally-in-rocket-companies/. Earlier this year, Reddit stocks took Wall Street by storm. They’re virtually worthless today. It was the subreddits’ first major success in increasing a stock and they made headlines with it. quotes delayed at least 15 minutes, all others at least 20 minutes. Rocket Companies (NYSE:RKT) is going parabolic today, plunging more than 30% after blasting 71% higher on Tuesday. 1125 N. Charles St, Baltimore, MD 21201. The stock has traded between $17.78 and $43 since going public in August 2020. Coupang IPO: When Will Coupang Go Public? In light of the volatility impacting stocks in the mortgage space like Rocket Companies Inc (NYSE: RKT) and UWM Holdings Corporation (NYSE: UWMC), … ———————— Please upvote this. Nasdaq Copyright © 2021 InvestorPlace Media, LLC. Rocket Companies (NYSE: RKT) — Shares are falling 20.4% on Wednesday with talk that RKT stock could become one of the big names that Reddit traders turn to. 3 Big Stories to Watch. Shares of GME stock are up 3% Wednesday afternoon. Coupang IPO: When Will Coupang Go Public? Here's Why Rocket Companies Stock Skyrocketed Today Reddit traders have set their sights on a new short squeeze target. Share your opinion and gain insight from other stock traders and investors. The post Reddit Stocks: GME, AG, UWMC, RKT and Other Top Names on r/WallStreetBets Today appeared first on InvestorPlace. Claim your 1-week free trial to StreetInsider Premium here. 2021 InvestorPlace Media, LLC. 3 Big Stories to Watch. ... Look at lending tree stock 24 to 322 in 5-6 years. Investors from r/WallStreetBets generally favor a relatively simple, yet highly effective weapon: out-of-the-money call options. Much of this is a supply-demand problem. Copyright © Tom Yeung, CFA, is a registered investment advisor on a mission to bring simplicity to the world of investing. The online mortgage provider currently has large short bets placed against it … Specifically, Rocket Companies (NYSE: RKT), the parent company of Rocket Mortgage, Rocket Loans and Quicken Loans.Now, as we all know, mortgages and loans are terribly exciting — emphasis on the terrible. However, a problem happens when call-option winners start posting their gains online — something made possible by Reddit and other social media outlets. Today, we’re talking “meme” stocks again. On the date of publication, Vivian Medithi did not have (either directly or indirectly) any positions in the securities mentioned in this article. 7 Value Stocks To Buy if the Market Falters. Sorry, Wall Street. RKT stock earned the second-highest volume of mentions on Reddit’s r/WallStreetBets over the previous 12 hours, according to data compiled by Unbias Stock. $16 puts expiring next week currently sell for 10 cents per contract at the time of this writing. These low-cost bets ordinarily go to zero, but the occasional winner will bag their owners thousand-percent returns. Rocket Mortgage has all the ingredients to create a Reddit-driven short squeeze: 40% short interest, an active options market and a name that would make Elon Musk’s SpaceX’s program jealous. Wall Street firms that believe RKT stock will eventually sink back to the $20 range will snap up put options faster than market makers can sell them. RKT stock is trading at a fast and furious pace today, with more than 157 million trades on the day at time of writing, compared with an average daily volume of 17.75 million trades. Rock-bottom interest rates would dry up the refinancing market even as more pandemic-weary Americans buy new houses. And if the company can push its growth to 20% (something quite possible in a growing fintech world), its fair value would jump to $45. Anyone buying GameStop (NYSE:GME) options during its first run-up could have become an overnight millionaire if they bought out-of-the-money calls with >$200 strike prices. RKT Price Action: Shares of Rocket Companies are up 2.7% to $26.65 at publication time. This post was originally published on this site. 1125 N. Charles St, Baltimore, MD 21201. The fact of the matter is, stimulus or no stimulus, Don or Joe, deflation or inflation RKT will still make a profit. What Will the Stock Market Do Today? What Is the CPNG Price Range? Rocket Companies Inc. NYSE Updated Mar 10, 2021 12:59 AM RKT 25.49 0.78 (3.16%). Instead, smart traders should look to the options market to make some money. Once we get out of this playing field of option trading, and the dust settles, I think RKT will get the valuation is deserves. Not because you want to take down the shorts. The r/WallStreetBets call options strategy is much like playing a high-payoff lottery: it’s excellent for betting small amounts of money, but many get addicted and end up gambling more than they can lose. Rocket Mortgage is a high-quality company that deserves a $50+ billion valuation. Investors looking to cover downside risk could even buy lower-priced puts. With that, we saw several lucky souls supposedly have their net worth rise anywhere from $180,000 to $1.4 million in less than four hours. Article printed from InvestorPlace Media, https://investorplace.com/2021/03/reddit-isnt-done-with-rocket-mortgage-you-can-profit-as-prices-dip/. Yesterday, Rocket Mortgage (NYSE: RKT) stock spiked 70% as members of Reddit’s r/WallStreetBets turned their attention to the Detroit-based online mortgage firm.With that, we saw several lucky souls supposedly have their net worth rise anywhere from $180,000 to $1.4 million in less than four hours. On Tuesday, implied volatility (IV) for RKT puts — a measure of put option prices — rose from 0.9 to 2.4. March 3, 2021 March 3, 2021 Future Wealth Daily. 2021 InvestorPlace Media, LLC. Reddit Stocks: RKT, GME, UWMC and 3 Other Top Names on r/WallStreetBets Today. 1125 N. Charles St, Baltimore, MD 21201. And given Rocket’s strong fundamentals, the firm’s chances of falling below $16 by next week is vanishingly small. Reddit stocks are all the rage Wednesday as retail investors on the r/WallStreetBets subreddit continue to discuss several possible investment opportunities. Let’s see the best stocks grabbing the attention of Reddit investors today.. GameStop (NYSE: GME – It’s no surprise that Reddit WallStreetBets still likes GME stock. Thank you, Reddit! Reddit Stocks: GME, AG, UWMC, RKT and Other Top Names on r/WallStreetBets Today William White 10 hrs ago Texas bill would require power plants to prepare for cold But as RKT’s market value declines back to $60 billion, should you buy the dip? DON’T panic sell. All rights reserved. (For the uninitiated, these are wagers that a stock will exceed a specific price before a certain date). Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Tuesday’s price action saw RKT stock push higher than Perlin’s price target of $30 after receiving a high volume of Reddit mentions on Monday, probably due to the stock’s high short interest. 1125 N. Charles St, Baltimore, MD 21201. You Can Profit As Prices Dip. Eight months later, these price predictions still hold. Love it or hate it, Reddit is back! For example, look at $30 AMC (NYSE:AMC) calls. Reddit’s Roaring Rocket. But there’s also a flip side — these price lurches make easy wins possible for regular investors. Copyright © 2021 InvestorPlace Media, LLC. That contrast has some suggesting that the bubble around RKT stock might have burst. All rights reserved. Moral of story. The stock's value is the company...and Rocket Companies is an amazing company. Stocks that were inspired by the Reddit community r/WallStreetBets in January also rallied. These stocks, many of which were short-squeeze candidates, exploded higher. Expected sales growth, however, has not. Their implied volatility sits at over 2.0, making them abnormally pricey from a theoretical standpoint. This is where we talk about the upwards pressure on RKT stock that is coming this next week. The stock has more than doubled since it … Often, this strategy works beautifully. There’s something about Michigan and mortgages that traders on Reddit’s r/WallStreetBets subreddit seem to like. All rights reserved. Closing out that risk by buying the underlying opens you to even more troubles if prices go back down. Copyright © But in the excitement, put options also get swept up. Many rallied 50% or more in a single session. quotes delayed at least 15 minutes, all others at least 20 minutes. Stop letting the shorts cover for cheap! ... RKT $25.49 up … The primary catalyst for today’s drop was a note by RBC Capital Markets analyst Daniel Perlin, who downgraded RKT stock to “sector perform” from “outperform.” Per that note, “risk/reward [in Rocket Companies stock] is now more balanced, if not skewed to the downside.”. Shares of Rocket Companies, the parent of Quicken Loans, posted its worst day on record. … What Will the Stock Market Do Today? That will help close out losses if RKT stock sees a catastrophic fall (i.e., if the headquarters building burns down or massive fraud gets exposed). This is at least a $50 per share stock (likely much more). Symbol Last Price Change % … But wily investors should sense an opportunity. Yesterday, Rocket Mortgage (NYSE:RKT) stock spiked 70% as members of Reddit’s r/WallStreetBets turned their attention to the Detroit-based online mortgage firm. The GameStop (NYSE:GME) short squeeze fiasco is perhaps one of the biggest stock market stories so far this year. Absolutely not. Short-Sale Restrictions: What to Know About the SSR Stocks Rule as GME Moves Wildly, 8 Biotech Penny Stocks for Investors to Watch, CPNG Stock IPO: 8 Things to Know as Coupang Starts Trading Today. Shares of Rocket Companies rallied more than 70% in a surprising move on no apparent news. Reddit Stocks: RKT, GME, UWMC and 3 Other Top Names on r/WallStreetBets Today Reddit stocks are all the rage Wednesday as retail investors on the r/WallStreetBets subreddit continue to pump and dump shares. Tanger Factory Outlet Centers (NYSE:SKT) surges 18% in premarket trading as the heavily shorted stock attracts the attention of the Reddit crowd. Reddit Isn’t Done With Rocket Mortgage. In some cases, the stocks doubled and even tripled. Google refused to share their fiber technology so RKT just secretly figured it out on their own and built it into Detroit. And although growth will likely recover faster than analysts expect, investors should still price the stock’s fair value at the conservative low-end. That far outstrips the 2.0 IV of call options. But sometimes, the strategy can fall flat. Just don’t sell naked calls. And while it appears wild price swings are fading, Reddit …

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