We have a new buy alert that has triggered.
Our Hot Money monitor just spotted a massive amount of new call option contracts purchased, betting shares in this underlying will soar higher.
This is a hard to borrow stock that has settled down a bit, which could lead to a massive move higher.
Here's what I’m doing…
Action to Take:
Buy-To-Open the Rocket Companies (NYSE: RKT) April 30, 2021, $24 call (RKT210430C00024000).
At last glance, these calls are trading at $0.45 x $0.50 per contract.
My profit target will be around $0.60 and our stop-out price at $0.27 per contract.
Now, let’s manage our risk before entry and I’ll keep you updated every step of the way.
To your wealth, freedom & options!
Joshua M. Belanger