New Trade (RKT) for 4/9/2024

2:10pm (EST)

We have a New Trade on a familiar name so let’s go check the tape.

New Trade!

Buy Rocket Companies (RKT, $14.15, up $0.31)

Sell to Open RKT May 15 calls (RKT240517C00015000, $0.80, up $0.10)

Action: We are suggesting buying the stock at current levels while selling the RKT May 15 calls for every 100 shares bought. These are the regular options that expire on May 17th, 2024. This will lower the cost basis in the trade to $13.35.

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