$RKT 20261030 13.0 CALL$ 1️⃣ Why am I making this trade now? Gotten some shares of this last week at 12. I think its currently oversold and waitimg for the rebound. Currently downtrend probably due to increase in treasury yields and mortgafe rates raising. This will cause lesser financing activity. But willing to hold in long term unless it drops below my comfrtable level. 2️⃣ What's my plan from here? Continue to hold and might dca down with more shares. Can also sell a put if confident enough. Meanwhile, will just do a covered call for wheel income. Whether it will earn me above my previous strike is not an issue if one is comfrtable holding the underlying. Fingers crossed xoxo.
$Rocket Companies(RKT)$ 1️⃣ Why am I making this trade now? Getting some shares from the put option that got exercised. Do not mind holding at this price. I think this is a good entry point where the share price is jist knocked down due to the interest rates and maybe some risk of defaults. Anyhow, it a good buy to me now. 2️⃣ What's my plan from here? Will hold and wait for the share price to rebound for a small profit. Or if the premium is worth my wait, will probably do a sell call on it. If it hits it hits, if kot will just treat it as a wheel. When the interest rates mormalize and people get used to it, it likely rebound back. Till then, stay neutral.
$Rocket Companies(RKT)$ 1️⃣ Why am I making this trade now? Getting some shares from the put option that got exercised. Do not mind holding at this price. I think this is a good entry point where the share price is jist knocked down due to the interest rates and maybe some risk of defaults. Anyhow, it a good buy to me now. 2️⃣ What's my plan from here? Will hold and wait for the share price to rebound for a small profit. Or if the premium is worth my wait, will probably do a sell call on it. If it hits it hits, if kot will just treat it as a wheel. When the interest rates mormalize and people get used to it, it likely rebound back. Till then, stay neutral.