RKT251003P00021000 Option on Rocket Companies

RKT Stock  USD 20.48  0.22  1.09%   
RKT251003P00021000 is a PUT option contract on Rocket Companies' common stock with a strick price of 21.0 expiring on 2025-10-03. The contract was not traded in recent days and, as of today, has 24 days remaining before the expiration. The option is currently trading at a bid price of $1.84, and an ask price of $2.0. The implied volatility as of the 9th of September is 24.0.
When exercised, put options on Rocket Companies produce a short position in Rocket Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Rocket Companies' downside price movement.

Rule 16 of 2025-10-03 Option Contract

The options market is anticipating that Rocket Companies will have an average daily up or down price movement of about 0.0509% per day over the life of the option. With Rocket Companies trading at USD 20.48, that is roughly USD 0.0104. If you think that the market is fully understating Rocket Companies' daily price movement you should consider buying Rocket Companies options at that current volatility level of 0.81%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

In The Money Put Option on Rocket Companies

An 'In The Money' option is one with a strike price that the current stock price has already surpassed. Some options investors can hedge their Rocket Companies positions using in-the-money options. They may also want to buy options with some intrinsic value, not just time value. However, because in-the-money options on Rocket Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
Put Contract NameRKT251003P00021000
Expires On2025-10-03
Days Before Expriration24
Vega0.021375
Gamma0.091741
Theoretical Value2.0
Open Interest12
Current Trading Volume6.0
Strike Price21.0
Last Traded At2.0
Current Price Spread1.84 | 2.0
Rule 16 Daily Up or DownUSD 0.0104

Rocket short PUT Option Greeks

Rocket Companies' Option Greeks for the contract ending on 2025-10-03 at a strike price of 21.0 measures the various factors that affect its cost and calculated using a theoretical options pricing model. It helps investors make more informed decisions about whether to trade this option contract or when to trade it. In addition to Rocket Companies' option greeks, its implied volatility helps estimate the risk of Rocket Companies stock implied by the prices of the options on Rocket Companies' stock.
Delta-0.50039
Gamma0.091741
Theta-0.03357
Vega0.021375
Rho-0.007099

Rocket long PUT Option Payoff at expiration

Put options written on Rocket Companies grant holders of the option the right to sell a specified amount of Rocket Companies at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Rocket Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Rocket Companies is like buying insurance aginst Rocket Companies' downside shift.
   Profit   
       Rocket Companies Price At Expiration  

Rocket short PUT Option Payoff at expiration

By selling Rocket Companies' put option, the investors signal their bearish sentiment. A short position in a put option written on Rocket Companies will generally make money when the underlying price is above the strike price. Therefore Rocket Companies' put payoff at expiration depends on where the Rocket Stock price is relative to the put option strike price. The breakeven price of 19.0 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to Rocket Companies' price. Finally, at the strike price of 21.0, the payoff chart is constant and positive.
   Profit   
       Rocket Companies Price At Expiration  
View All Rocket Companies Options

Rocket Companies Available Put Options

Rocket Companies' option chain is a display of a range of information that helps investors for ways to trade options on Rocket. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Rocket. It also shows strike prices and maturity days for a Rocket Companies against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
Open IntStrike PriceCurrent SpreadLast Price
 Put
RKT251024P00035000035.013.35 - 15.213.35In
 Put
RKT251024P00030000030.09.95 - 10.39.95In
 Put
RKT251024P00028000028.08.15 - 8.458.15In
 Put
RKT251024P00027000027.07.2 - 7.67.2In
 Put
RKT251024P00026000026.06.25 - 7.96.25In
 Put
RKT251024P00025000025.05.45 - 6.855.45In
 Put
RKT251024P00024000024.03.7 - 6.13.7In
 Put
RKT251024P00023000023.02.98 - 5.22.98In
 Put
RKT251024P00022500022.53.5 - 4.853.5In
 Put
RKT251024P00022000022.02.29 - 4.352.29In
 Put
RKT251024P00020000220.01.72 - 1.981.96Out
 Put
RKT251024P00019500119.51.31 - 1.742.23Out
 Put
RKT251024P000190001119.01.39 - 1.461.54Out
 Put
RKT251024P00018500518.51.13 - 1.251.3Out
 Put
RKT251024P00018000418.00.76 - 1.021.09Out
 Put
RKT251024P00016000303016.00.0 - 0.440.24Out

Rocket Companies Corporate Management

Tim BirkmeierPresident - Rocket MortgageProfile
William BanfieldExecutive MortgageProfile
Papanii OkaiExecutive EngineeringProfile
Nicole BeattieChief AmrockProfile
Aaron EmersonChief OfficerProfile
KimArie YowellChief OfficerProfile

Additional Tools for Rocket Stock Analysis

When running Rocket Companies' price analysis, check to measure Rocket Companies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rocket Companies is operating at the current time. Most of Rocket Companies' value examination focuses on studying past and present price action to predict the probability of Rocket Companies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rocket Companies' price. Additionally, you may evaluate how the addition of Rocket Companies to your portfolios can decrease your overall portfolio volatility.