7:00pm (EST)
Shares of RKT have been on fire this week after rising 7.5% on Monday and 6.4% today. Given the surge, we have an update on our current Alert.
Alert Update!
Rocket Companies (RKT, $16.00, up $0.96)
Option: RKT August 18 calls
Expiration Date: August 15th
Entry Option Price: $0.50 (7/2/2025)
Current Option Price: $1.10
Exit Target: $1.00, raise to $1.50 with a Limit Order on HALF
Return: 120%
Stop Target: 75 cents (Stop Limit)
Action: Raise the Exit Target from $1 to $1.50 with a Limit Order to close HALF the Alert. Set an initial Stop Limit at 75 cents to ensure at least a 50% profit.
The calls are up triple-digits after coming into the week at 15 cents. Hopefully, higher highs are in store. However, resistance at $16 held in March and April. If it holds the rest of the rest, a triple top breakdown could be coming and why we want to start protecting profits.