Moderately bullish activity in Rocket Companies (RKT), with shares down 30c near $15.94. Options volume roughly in line with average with 231k contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 0.43. Implied volatility (IV30) is higher by 5.4 points near 76.74,in the top quartile of the past year, suggesting an expected daily move of $0.77. Put-call skew flattened, suggesting a modestly bullish tone.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 11.38% or $1.81.
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