News & Events zu Rocket Companies Inc (RKT)RKTRocket Companies Inc

Rocket Companies Shares Down, Mixed Options Sentiment

Cboe data shows mixed options sentiment in Rocket Companies (RKT), with shares down 8c near $10.71. Options volume relatively light with 23k contracts traded and calls leading puts for a put/call ratio of 0.24, compared to a typical level near 0.42. Implied volatility (IV30) dropped 0.91 near 68.26,and above the 52wk median, suggesting an expected daily move of $0.46. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Rocket Companies (RKT) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.

Cboe Data Shows Rocket Companies Stock Up to $11.71

Cboe data suggests bullish flow in Rocket Companies (RKT), with shares up 8c, or 0.64%, near $11.71. Options volume running well above average with 74k contracts traded and calls leading puts for a put/call ratio of 0.21, compared to a typical level near 0.37. Implied volatility (IV30) is higher by 1.1 points near 59.6,and below the 52wk median, suggesting an expected daily move of $0.44. Put-call skew flattened, suggesting a modestly bullish tone.

Rocket Mortgage First to Use VantageScore 4.0 as Credit Scoring Model

Rocket Mortgage, part of Rocket Companies (RKT), announced last night that it will become the first mortgage lender to use VantageScore 4.0 as its preferred credit scoring model for all eligible loans. "After roughly four months of testing, the company found that VantageScore helped more clients qualify and move forward in the mortgage process, while also reducing credit scoring costs," it said in a statement. During Q4, Rocket will default to VantageScore 4.0 for mortgages that will be delivered to Fannie Mae, Freddie Mac, VA home loans and any other eligible mortgages, the company added. Rocket said, "The transition will apply to all Rocket Mortgage direct-to-consumer loan products that currently allow VantageScore use. For now, mortgages for investment properties and second homes, home equity loans, FHA loans, jumbo loans and some other products will still use FICO scores. Rocket Pro, the division of Rocket Mortgage that provides home loans through mortgage broker partners, will provide both VantageScore and FICO to mortgage brokers, as part of its commitment to broker optionality. In addition to credit, mortgage approval also depends on income, debt, assets, property and other loan requirements." Shares of FICO (FICO) are down 20%, or $170.01, to $670.88 in premarket trading.