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 Name | RKT251003P00021000 |
Expires On | 2025-10-03 |
Days Before Expriration | 24 |
Vega | 0.021375 |
Gamma | 0.091741 |
Theoretical Value | 2.0 |
Open Interest | 12 |
Current Trading Volume | 6.0 |
Strike Price | 21.0 |
Last Traded At | 2.0 |
Current Price Spread | 1.84 | 2.0 |
Rule 16 Daily Up or Down | USD 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 | |
Gamma | 0.091741 | |
Theta | -0.03357 | |
Vega | 0.021375 | |
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 |
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 Int | Strike Price | Current Spread | Last Price | |||
Put | RKT251024P00035000 | 0 | 35.0 | 13.35 - 15.2 | 13.35 | In |
Put | RKT251024P00030000 | 0 | 30.0 | 9.95 - 10.3 | 9.95 | In |
Put | RKT251024P00028000 | 0 | 28.0 | 8.15 - 8.45 | 8.15 | In |
Put | RKT251024P00027000 | 0 | 27.0 | 7.2 - 7.6 | 7.2 | In |
Put | RKT251024P00026000 | 0 | 26.0 | 6.25 - 7.9 | 6.25 | In |
Put | RKT251024P00025000 | 0 | 25.0 | 5.45 - 6.85 | 5.45 | In |
Put | RKT251024P00024000 | 0 | 24.0 | 3.7 - 6.1 | 3.7 | In |
Put | RKT251024P00023000 | 0 | 23.0 | 2.98 - 5.2 | 2.98 | In |
Put | RKT251024P00022500 | 0 | 22.5 | 3.5 - 4.85 | 3.5 | In |
Put | RKT251024P00022000 | 0 | 22.0 | 2.29 - 4.35 | 2.29 | In |
Put | RKT251024P00020000 | 2 | 20.0 | 1.72 - 1.98 | 1.96 | Out |
Put | RKT251024P00019500 | 1 | 19.5 | 1.31 - 1.74 | 2.23 | Out |
Put | RKT251024P00019000 | 11 | 19.0 | 1.39 - 1.46 | 1.54 | Out |
Put | RKT251024P00018500 | 5 | 18.5 | 1.13 - 1.25 | 1.3 | Out |
Put | RKT251024P00018000 | 4 | 18.0 | 0.76 - 1.02 | 1.09 | Out |
Put | RKT251024P00016000 | 3030 | 16.0 | 0.0 - 0.44 | 0.24 | Out |
Rocket Companies Corporate Management
Tim Birkmeier | President - Rocket Mortgage | Profile | |
William Banfield | Executive Mortgage | Profile | |
Papanii Okai | Executive Engineering | Profile | |
Nicole Beattie | Chief Amrock | Profile | |
Aaron Emerson | Chief Officer | Profile | |
KimArie Yowell | Chief Officer | Profile |
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.