Reddit Posts
Seeking Advice on $RKT Position with a 400-Day Horizon
UWMC. 23% short interest 20k shares available
Update: Substantially Increased my Exposure to Rocket Companies (RKT)
$RKT mortgage potential short squeeze Watch
Update: Rocket Companies (RKT) Short Squeeze Opportunity
Rocket Companies (RKT) Lifting Off 🚀
Rocket Companies (RKT) Short Squeeze Opportunity is Flying Under the Radar
Short squeeze MORTGAGE stock LDI, UWMC, RKT
Meta Discussion / Question - Is this a good subreddit for open discussions on the market?
Rocket Mortgage RKT set for liftoff? 🚀
Made over $5k on $CVNA this week. Took some of those winnings an Yolo it to some $RKT calls.
Any one know what RKT is up almost 10% in the last 2 days
Rocket Mortgage (RKT) is going to shoot up post earnings thanks to Redfin the 5th. $8c 5/12🚀
if you hold RKT, UWMC, LDI or WFC, BAC, JPM… food for thought on mortgage debt-to-income
Rocket Mortgage parent Q4 loss partly offset by cost-cutting efforts (NYSE:RKT)
*Top Reddit Short Squeeze Mentions For Tuesday February 28, 2023: TRKA, BBBY, NVOS, AMC, IMO, APRN, GNUS, LINK, SINT, RKT. ( Benzinga )
Morning Briefing 🌞 Jan 19th 2022 - Yesterday was insane, lots to digest today
CEOs that are willing to put their money where there mouth is.
CEOs that are willing to put their money where their mouth is.
RKT Stock: Rallying With A 34.27% Short Interest Towards Its Declining 2...
Should RKT Gigantic Short Squeeze Be Forthcoming?
random neurons fired and I'm up 30% in 48 hours: RDFN
are there even rules here anymore or can we post any garbage? RKT to the moon 🚀🚀🚀
What keeps preventing $RKT from being the growing stock in your portfolio?
My mom bought RKT stock, was just wondering if its something worth holding onto
BBBY is not worth the risk. here's why
Let’s talk about our choices in CEOs
Let’s PRTY! School is back in session and the short bus crashed.
$BBBY: I may not know much but I do know that if everyone on WSB is talking about it, it's too late.
RKT rocket, it’s in the name.
$RKT stock continues to gain value. Rise in refinancing applications, discounts for buyers.
These Are The Top Insider Buying Stocks For July - RKT 🚀🔮
Options trading prediction before the date
Shorts are doubling down on RKT after earnings. 12millon shorts likely to drop Monday. Longs in RKT are strong based on the last month 15% upwards move. and Fridays 14% recovery. Going to be an interesting week.
6k to 565k in 2+ years...that's 9000%+ for those not good at maph
The RKT comeback today!! The BBBY, AMC, GME pumps let’s go!!!
Any one catch the RKT come back today? We not shorts ready to squeeze on multiple stocks.
When is the RKT squeeze commencing? 🔮🚀
Shorts are fucked the hit list.
anyone have positions against mortgage companies?
anyone have positions against mortgage companies?
RKT the Spanish Inquisition of meme stocks
$RKT / Rocket companies insider purchases
RKT? Short term play, in and out. Please discuss.
Does anyone not like going to the moon anymore? Asking for my fellow bag holders. RKT just launch capstone moon mission successfully today. Nice ! Space X not the only show in town!
Greetings from Detroit, let me tell you why RKT is awful for us but great for my bank account.
$RKT - believe it or not, this CEO is a believer!
Lessons Learned From A Year Trading Meme Stocks
I jumped ship 6 months ago on UWMC, but have a look, it's beginning to look like a G ME 2.0 set up
RKT - est. 24.99% SI of FF; 100% Utilization; CEO buying upto $36m worth of stock
$RKT short % of FLOAT risen to 22% while MSR will increase in value Apes squeeze shorty
Are $RKT dividends going to be an annual thing? Why doesn't it show as a dividend paying stock?
RKT Mortgage OTM Calls 13.99 STRIKE 4/14/22 EXP - YOLO. 3/30/22
RKT and the Giga chad Jay Farner
RKT yolo. Undervalued even if rates went to 10%. SI 20% of the float CEO has his broker doubling down 36 mil of his own $ buying public float end of March - November. It’s not just a mortgage company, but is being priced as a failing one as they continue gain market share through tech. She’s due.
Of all the gangs I've rode with (PRPL, RKT, tanker), steelgang has been the least retarded [Update]
RKT is going to $100+ or $0 within the next 3-5 years. My money is on it doing 300% before November.
Hard to borrow rate for RKT jumped up to to 175% today on Fintel and then most recently 317% 😳
RKT - Potential Squeeze (Non-divi related)
RKT Options "temporarily untradeable" on Robinhood, with a 1.01 Special Dividend record date slated for next week
Time and sales and level 2 in ToS vs Webull
RKT - 1 Later Year Nostalgia Play(LookAwayAngryMob)
Mentions
Few months. Mostly in IREN, RKT, and CIFR
RKT actually going to break 21?! Next stop 25 plz
Is RKT 50% short interest something to look into👀
Maybe sell these RKT puts for 10% gain and put it into GME puts overnight?
Tell me how this impacts my RKT (rocket mortgage) later this month? Moon time?
RKT = big kid real life company OPEN = 💩
RKT calls! If jobs report is strong RKT probably drops
Grabbing RKT calls if any of the upcoming news is dovish for the Fed it’s rocking and rolling
RKT finally $20+. What can COOP hit $215 so fast? (10x) but RKT took forever to recover from $7 to $20? And RKT is so massive that it is ACQUIRING COOP. It’s crazy. Make $RKT the $200+ stock please.
I’ve flipped INTC into SOFI into RKT. I’ve said the shit relentlessly in these chats and have had a few people say they’ve followed the plays and made money. NVDA calls is my current play. I think we see 180 again before September ends.
45% short interest on RKT come on tards
Recession is coming, RKT will go down bigly.
I need to OPEN my ass and let the RKT in
HO LEE FUK LDI about to break $4. Still less than $850 million in market cap compared to RKT at $42 billion.
RKT is up above $20, a 36% increase in past 6 months, and it's short is still a whopping 40%!
**Which, if any, S&P 500 stocks are screaming buys right now?** I’d argue it’s hard to name some. Not because there won’t be several that we can look back on in 3, 6, 12 months that absolutely shot out the lights. It’s that so many are up so much. Traditionally I’ve fared well nibbling gains when things are overbought and buying heavy when things are oversold. But this market and world are, to be diplomatic, “unprecedented”. Maybe someone buying NVDA or PLTR this week for $160 will look like a genius next year. But it’s hard to have that clarity today when looking at narratives or valuation. December was easier. $50 UBER on the idea that Musk would figure out robotaxi? Easy big buy. $10 RKT this spring on the idea that mortgage rates will never drop again. Sub-$100 DELL/NVDA on unverifiable deepseek chatter. Gold miners that hadn’t moved yet even as gold itself had ramped. Is anybody seeing obvious macro-themed buys that I’m not? Usually in periods like this, I put new money into volatility instruments. They tend to melt gradually and then eventually spike on a selloff that unlocks some new deals on stocks. But since May they’ve just drilled more steeply than usual.
CPI report is next week. How high can RKT get? 25 or 30?
I’m regarded. What does this mean for housing stonkies eg. the infamous RKT and OPEN?
Congrats. Did something similar with COOP, but I'm still holding my COOP, as they are being acquired by RKT. NVDA still has room to run, especially if the Chinese market cap be tapped. I've held my COOP from $32k -> $100k -> $25k -> $250k - > $45k -> $1.2M now
COOP gets you 5% more RKT for the same $$$
I own RKT so that’s the other reason I’m not jumping in without a good reason.
COOP is *now* being valued as if it's *part of RKT*, ie FinTech and #1 mortgage originator in the nation, and potential S&P 500 candidate. It was about a 10 PE, before the deal was announced. 25 PE for an S&P 500 leader, pre Rate cuts, is reasonable.
SLV and RKT , however, I sold RKTon this run yesterday. I ‘ve trading it since 12$. Its been a great swing trade. Ill buy back
There will be UP and DOWN days. The existing COOP float is EXTREMELY tight (there's only 64M shares outstanding) and so it is with RKT (with much of the float short, due to the COOP/RKT Arbitrage Play). IF you see a down day, and you will before the deal closes in Q4, especially if COOP is under $190 (That was my last DD post, knowing it would go over $200), BUY. That being said, it ended the week at like $210, and is "valued" at $220+ with the RKT conversion ratio, so let's see what the chances are of it reaching $190 again. PS, for those of you who are saying "if you think it might go to $190, why not sell at $210?", it's because I'm not in this for a 10% gain with COOP / RKT going forward. I'm in this for another 2-3x ride in the coming years, aiming for RKT to hit $25-30 in '26, and maybe just maybe $40 in '27 if if RKT gets onto the SP500 in the next 18 months. Otherwise, I'll be selling CC's on RKT, low Delta/long DTE, and making $200-400k off that each yr, while paying NO LTGC on my underlying RKT shares.
RKT. Rate cuts will keep boosting this stock
RKT - Rocket Mortgages, interest rates dropping will trigger mega cycle of remortgages and possibly more housing transactions
Dunno about 12 months, but one trick for doing these is to think about what stocks you and everybody just hates. The ones that you cannot conceive have and path to mooning in the foreseeable future. Like when Netflix and Facebook were considered DOA. Even just sticking to this year. When nobody would buy RKT with the special div discount. Nvda and Dell falling below $100. DIS in the $70s, UBER in the $50 on Musk robotaxi BS, CELH $27 because of sales and distribution fears, etc. Looking at things now that most would say have no hope of recovery. UNH going to be pummeled and criminally charged and crushed by claims. PYPL thought to have no future. BROS “will get get squashed by Starbucks new CEO”. LULU has lost their consumer. Some of these probably won’t bounce and will continue to languish. But some of them will rally so much that we’ll almost forget they were ever such no-touch names. My larger bets are on renewables, especially solar. As of today, the greybeards will to short these, not buy them. They’ll say the russia-controlled sociopath running the country will continue to criminally sabotage them. Theyll be flanked by tech bros saying that magical fusion or salt reactors will somehow handle our immediate electricity needs. I just happen to think that electricity is everyone’s (business and individual alike) most inflated and most supply crunched utility, and that with every Evil Corp slurping up every joule of electricity they can get their hands on, electric utility costs will just continue to skyrocket. And yet at the same time, solar is free electricity from the sky. And we’re not just ignoring it, we have forces actively trying to kill it. It’s insanity. But those are forces that are malicious, yes, but also greedy. At a certain point, they’ll want free electricity too. Some will just do it low key, harvesting free sky electricity but not mentioning it in their corporate reports or to their trophy hunting buddies. Or maybe the untreated mental patient POTUS will randomly decide free electricity is a good thing. Then his cult is on board. We don’t know what the exact weaves of the path will be, but the fundamentals of electricity cost and demand tell us that free sky electricity will have its day in the sun. And for those of us here, value analysis can tell us that some names are ridiculously cheap if one believes that people will still need electricity in the future. I like the FSLR business, but liked the ticker more when it was 50% lower when a lonely pod of maybe 2 or 3 of us were here pounding the table. ENPH business is less attractive but my goodness is it oversold. The price/valuation is tempting. The stock price is down 90% even as sales only dipped 35%. Even a partial reversion would be a magnificent return. Not sure it will fit the 12 months window, but someday these will be out of the doghouse. If these do double or triple digit gains, waiting one or more years isn’t that bad.
Economic downturn = lower interest rates = good for RKT and COOP
So if I were to buy COOP shares, they get automatically converted to RKT after the acquisition? I am holding RKT but would it be better to sell and buy COOP instead?
I get it BUT both COOP and RKT can move 5-10% in a day, as evidenced by this week, and last. And I've held COOP and it's predecessors from 30k - 100k -25k - 250k - 45k - $1.2m. Just see this past year's COOP chart. It's been pretty much impossible to accurately predict the drops and peaks, expect that it's generally going up. Giving away 5% to protect for 3 months is a losing proposition for me.
LOL. I'll let you know WHEN I sell. Till then, I'm HODL on RKT and COOP shares I have....
No. Your number of RKT shares wont go down. The total RKT share count will expand to make COOP 25% of RKT so your % of total RKT shares will be 25% less. BUT in exchange, your shares till have 40% more revenue per share, PRE Rate Cuts. So it's a win win for both RKT and COOP.
So my number of RKT shares will reduce by 25% but technically the value will go up to make up for it? I understood “no don’t sell yet” at least 👍 thanks
I am "hedged" in that IF/WHEN the stocks (RKT and COOP) drop 5-10% a week, I don't CARE. My cost is under 10% of the stock price, on average. I know that they are volatile, and continue to hold them because I believe they'll be a market beater in a lowering interest rate environment (and there's a chance RKT gets into the SP500 sometime in the next 18 months).
LOL. No, don't sell yet. This is merger of two of the largest players in the mortgage industry. Put in simple terms, RKT is buying COOPs earnings at a discount to what RKT earnings are valued at. Basically... There will be a 25% dilution when COOP converts to RKT, but in exchange for that 25% dilution..... RKT will \*gain\* all of COOPs earnings, adding 40% to its earnings for "only" a 25% dilution. <- Think about this. That's why the stock(s) RKT and COOP are up, along with increased earnings potential with Rate Cuts coming,
Im a regard who read your previous posts. So I entered long on RKT and currently up 20%. Should I sell before COOP converts to RKT? No idea what the merger is about
Rklb. Sold RKT on the pump during summer
I got out of RKT sadly. Bid time OPENtard though
Why not COOP? Since the deal was announced, it's been trading at a 5-20% DISCOUNT to the deal close value compared to RKT? Is it because of the smaller float, and larger Share size (10x+ RKT)?
yeah RKT was a good play. solid foundation + meme stock + rate cuts + OPEN hype been following ur posts, tho i never bought coop
Interesting. What's the expected timeline for COOP -> RKT?
Once COOP converts to RKT, going to be selling CC's with 30/45DTE+ and low Delta's for cash, monthly. Should be able to clear $250k-350K/yr, at current prices.
LDI the next RKT
In what world does RKT and OPEN make sense even with a rate cut? Can't buy a house at a lower rate if you don't have a job...
Next stop for RKT is 21.33 that is a key level. Once we break that shorts will start closing. RKT hasnt gotten above 21.33 since 2021.
Positions: BULL calls, RKT, SHOP, SOFI, OPEN puts. Closing the app until Monday.
yet we are mooning hahaahaha RKT baby
Sell the news. Idk I trade RKT both directions and I sold my calls yesterday so now its time for puts 🤷
I've got December expiry RKT calls. Do I sell now or is this gonna pump again once the merger actually happens
Just grabbed 10k of RKT puts. Pray for a brother.
Congrats to all the regards that didnt listen to the naysayers and are still with me in RKT!!!! WE ar go for MOON!!!!! 🌕
RKT up from $17 to $20.50 this week on rate cut anticipation
RKT puts is for sure the play right here.
RKT shorts, don’t cry, act! 🚀
wait til you see RKT lol
Lmao selling my RKT calls yesterday and buying OPEN puts was unhinged.
RKT shorts, don’t panic too much. You can still cover right now before too late 🚀
RKT Z UWMC and builders **interest rates going down**
Someone tell me what’s going on with OPEN and RKT today. Why is it PAMP
Fuck me for selling all my RKT calls yesterday.
RKT shorts are burned. Th3 shorts are the fuel for the our rocket ship! 🚀
RKT has a better chance
Lisa Cook is under DOJ criminal investigation. Huge plus... once she goes Trump will have a majority on the FED board and interest rates will finally start dropping. Im in mortgage related stocks like RKT.
here we go.... Mr Cooper shareholders approved the merger acquisiton from RKT. RKT is adding $12B to their market cap, yet only diluting 25% of the shares.
So when do I paper hand my RKT calls?
DHI calls, LEN calls, RKT calls, FMCC calls. Eyeballing CWST and EXE for further pullback. But my outlook overall is CALLS on those two as well
RKT is forming a cup and handle pattern, and is about to rocket!
Understood. I’ll look at it from the POV that I have 500 contracts of RKT, and I want some sweet, lazy bonus money with very low risk.
PS, as noted, COOP/RKT can be quite voletile, as evidenced by the price movement(s) yesterday and today. The one advantage I have with these shares is that I have ready/access to 10's of 1000's of shares (of RKT equivalent), so I'd welcome your feedback if you can take a look at the RKT Options Chain, and suggest a good Strike/DTE (say for today), that would be a good (safe) play to get additional Options income. I'd rather have 1.5% income a month, and a 50% lower Delta, than 2.5% a month and have the shares called away (at this moment).
Yup, we are clearly forming a handle. RKT will breakout and rocket!
How can RKT have >50% short ratio?
a) I would suggest LEAPS on COOP or RKT, with the understanding that both stocks are volatile and can/do go up and DOWN 5-10% in a day at times, depending on the news.(like today) If rates go down, it's an almost sure bet for '26. b) I hear you about shopping for statistical probability etc. Problem with that is I don't have the time or knowledge on options to do so, effectively. And there's probably 1000's of Wall Street pros looking to do the same thing, every day, with access to far greater knowledge and resources than I have.
Everything pumping back to even. RKT: I like my anoos bleeding rip it apart more plz
The shorting on RKT is fucking me hard
Thanks for your reply. So to answer your questions: a) Definitely, want to be able to "enjoy" 80% of $2M+, vs. not enjoy $1M+. b) I can definitely use my margin for PUTS. I use IBKR for their generous margin policies and rates (transferred everything from ML and MS/e-Trade, when I decided to go Margin, and saw their rates. I'll try a few CSP's, but need to find some stocks I'm familiar with, at prices I'd be comfortable owning at the PUT strike (minus the Premium). c) As for why I'm holding onto COOP (and RKT, for now, once it converts in Q4), is not "just" to save on the tax hit, but TO MAKE MONEY. The "market" has definitely NOT priced the upside of the COOP/RKT deal in the next yr or so, especially with Rate Cuts coming, and lack of full clarity from COOP/RKT on their combined EPS/EBITDA for '26. See: [https://www.tipranks.com/stocks/rkt/forecast#](https://www.tipranks.com/stocks/rkt/forecast#) All these "respected Analysts" haven't updated their forecasts in months, and the \*current\* RKT price is literally (even with a 10% drop in the past weeks, due to some news which I don't feel justifies the drop) is above all their forecasts. MY (and other's who follow the two stocks closely) feel that the combined entity, based on current (non-rate cut) earnings is worth about $25/share, PRE-any rate cut bump in ReFi's etc. ONLY the recent BTIG Rating which I referred earlier has taken this info/number into account. $25 (expected) / $18 (current) RKT price is a \*40% bump for 2026\*, and so I'm not comfortable selling/putting it at risk for getting called, till it hits/gets close to that number (unless it's like at 20% above the current price, with a 30DTE, but I'd need to see what kind of Premium I'd get for that CC). Trust me, my objective is to MAKE MONEY, and leverage the $$ I have on Margin, which is why I setup the layered CC ETF strategy. So far, 1 month in, with about $400k borrowed/invested, post Margin (5.x%), I should be netting around $10K a month. And I'm already planning to "adjust" my layers to shift some $$ away from XDTE to the higher premium Single Stock CC ETFs (that I'm comfortable with, not the highest payers like MSTR focued ones). Would welcome your thoughts/feedback on the above, as I continue to learn how to leverage/grow my $1M+ into $2M+ (and beyond).
Glenn Kelman RDFN CEO: home prices are going to continue fall through 2026 “but this is a hopeful thing, finally a buyers market!”…also Glenn Kelman: sells RDFN to RKT
Your profit look similar to mine. I also exclusively do the wheel but I use margin and will wheel some Riskier stocks to collect higher premiums. So in April due to liberation day I actually lost 1k having to buy back puts to cover margin call. But August was great. I think it was my 2nd highest month at 5.2k (would have been best month ever but took 4k write down on RKT to free up cash). Stocks I’ve used this month are SOFI, APLD, OKLO, IONQ, OPEN, SOUN. Due to margin I also reinvest half my profits into an efficient frontier type portfolio to help stabilize my account. Also to note this is my risky portfolio, have other accounts that I leave with typical investments. But long story short my options account was up 23% in August and I’m up 55% ytd for 2025. So I cannot complain!
ONON - only apparel retailer growing 40%, analysts at $70 stock at $55 RKT - rates dropping will give housing a boost, they are the largest mortgage lenders
Oof. On one hand, there’s some misunderstandings and unnecessary “preciousness” about these shares. But on the other hand, it’s not really a blocker from you making money. But here’s the thing— what’s the point of having money? You can’t avoid tax except by never enjoying your money. Guaranteeing you never lose any of $1M is going to prevent you from having $2M. **Would you rather have 100% of $1M you don’t enjoy, or 80% of $2M you can actually enjoy?** You know what else you can pass on to your kids? A method for growing the wealth they inherit. And that doesn’t have to wait for you to die. Trying to “avoid tax” is a weird side quest that often sends people on a tangent course; like trying to Option SPY “because it has high liquidity”. Some of these micro optimizations miss the central point, which is to make more money. They don’t survive a dollar store calculator analysis. If you have some reason you can’t sell those shares, then do whatever. But if you use margin on those, you need to accept that there is absolutely 100% a possibility that your broker force liquidates those shares — no matter how you use that margin. But, if you want max protection, you can practice selling CSPs on margin (if your broker allows margin to secure Puts, that’s a key thing we would need to know). If not, but you can borrow it as cash, that could work. If not, then your move is to buy some other security when there is a massive dip using that margin, then sell CCs on those as they rise again. Once you have that second chunk of assets / shares / cash, you can use that as the separate base for growth. And you can do a lot better than the annual yields you were planning. But keep in mind, your plan was way overconfident in your projected returns and safety of your COOP. So: 1. You cannot avoid paying tax. AND / BUT, you should obsess about that. It doesn’t matter. We should also discuss Roth/Traditional IRAs for untouchable tax advantaged growth till retirement (if you are eligible). 2. Any use of mating risks your COOP. There is safer and less safe, but no such thing as no risk. 3. Question: Why do you think this RKT/COOP information isn’t already priced in? Everyone knows about it.
Appreciate the assist. I'd honestly welcome your (and anyone else's sincere advice), on how to make 2-3% a MONTH selling LOW delta covered calls against my portfolio, within the following framework: a) The \*vast\* bulk of my holdings are/will be in RKT and COOP, so let's focus advice on that. b) I've bought/sold many shares over the years, but never sold one single share of COOP. (I can explain why, in detail, in another post if needed, but I've been accumulating it and it's predecessors for 10+ yrs). Some of my lots are up 3000%+. It's my "NVDA"............. c) As a result, I'm sitting on a \*ridiculous\* amount of \*unrealized\* LTCG, like \~$1M+. As far as I can tell, and I do need to talk to a tax accountant about this, if I sell my COOP/it gets called, i) I'm going to be stuck with a $200k LTCG Tax bill/cost reducing my portfolio value by 20%, and ii) that's going to reduce the amount of margin I have to "work" with. d) COOP is in the final stages of being acquired by RKT at a 11 RKT + $2/1 COOP Ratio. At \*current\* prices, COOP is still undervalued by 5-7% (to final deal price) on average due to regulatory fears, which have now pretty much disappeared. (There was a 20% "arbitrage" opportunity when the deal was 1st announced, due to regulatory/anti-trust issues, but the deal's now been greenlighted by the Trump administration/FHFA). e) RKT's currently at $18/share, and my expectation is that with the COOP acquisition finalization, \*and\* Fed Rate Cut's coming in Sept -->, that RKT will be in the $20's in early '26, and maybe even hit $30 by EOY '26. RKT ran hard into the $20's when the Fed cut rates last year, and that was before it agreed to acquire Redfin (RDFN) and Mr Cooper (COOP), and I expect it to do the same, and so do analysts. See: [https://www.tipranks.com/news/the-fly/rocket-companies-initiated-with-a-buy-at-btig-thefly](https://www.tipranks.com/news/the-fly/rocket-companies-initiated-with-a-buy-at-btig-thefly) f) ONCE RKT is into the low-mid $20's, I wouldn't mind putting the portfolio at "risk" of being called for 2-3 a month, using CCs, as long as the strike price was a low delta one that I could reasonably BTC if I felt the stock was going to take a run. I'd probably skip selling pre/post earnings. g) My "hope" is to leave the COOP/RKT chunk untouched and untaxed as a legacy to my kids when they inherit, and use the bulk to earn $$ using CC's and Margin (to get premium distribution from CC ETF's). Thanks for hearing my long ass note out, and I'd welcome your advice on RKT and COOP CCs.
I bought $7.5 $ASST calls on Tuesday after seeing the squeezability on Squeeze Finder, up 200% yesterday, now 100% after the late eve pullback. Also, had some success with $RKT.
Thanks for the BTC explanation..... I'll look into selling low delta CCs in the future, especially after the acquisition by RKT is finalized. Right now, the stock is too volatile (easily moving 5-10% in a week at times) for me to take that chance. Once the stock equalizes more next year, I'll look into selling CCs with a low delta (maybe 10% above the current price, on a monthly basis) but I doubt I'd get 3% a month.
It’s been 24 days since his predicting of RKT going to $20 ***soon***, and it’s literally the same price it was then.
RKT holding up super strong
Who is gonna refinance their mortgage after a 25bp cut that we may not even get? You won’t see mass refinances until rates come down much further. Also, sales volume is way down because prices are still high and rates are still high. I’d like RKT maybe this time next year, but I feel like this pump will be short lived and get faded back down.
RKT shares are down, I'm loading up
PCE may be high but not enough to cause fear of the rate cut not happening. With expectations of a rate cut in September there will be increased interest in RKT which will likely be inundated with people starting to refinance.
I come to you all bearing yet another gift. RKT calls at open tomorrow morning.
Bought RKT puts at the top. Sell them and switch back to calls, or does it have room to drop more?
Full porting into RKT $18 calls a few weeks out at open tomorrow.
It’s late August now. Had your thesis changed? What do you think about a long term RKT hold at today’s peice of $17.65?