$Rocket Companies(RKT)$ 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.