Tag: Mortgages
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Shares in Rocket Companies jumped over 70% today, and that optimism is also reflected in the options market: RKT stock was one of the most active stocks in the options market yesterday with total volume of over 365,000 contracts. Call option volume outpaced puts by a ratio of 6-to-1. Overall…
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Rocket Companies, a mortgage originator, has returned solid profits in 2020’s hot real estate market: Boosted by the boom in mortgage refinancing activity, the company had $15.7 billion in total revenue, or more than triple its $5.1 billion revenue in 2019. Its net income, or profit, skyrocketed to $9.4 billion…