Mike Khouw Looks At Rocket Companies’ Options Activity: More Weakness Ahead? – Rocket Companies, Inc. (RKT)

Shares of Rocket Companies Inc (NYSE:RKT) have lost over 30{b02bdf04de3f9bc06c998e855c65941e7d8f5cd012e86469a83340818e6b6d52} over the past year and are down close to 6{b02bdf04de3f9bc06c998e855c65941e7d8f5cd012e86469a83340818e6b6d52} year to date.

On CNBC’s “Options Action,” Mike Khouw of Optimize Advisors said the stock traded 7.6 times its average daily put volume on Thursday.

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A large bearish bet came in the form of the purchase of 25,000 of the March 14/10 put spreads for an average price of $1.04 per contract, Khouw mentioned. The trade represents 2.5 million shares.

The trader expects shares of Rocket Companies to lose as much as 28{b02bdf04de3f9bc06c998e855c65941e7d8f5cd012e86469a83340818e6b6d52} over the next couple of months.

“So, at least one institutional investor sees further weakness ahead,” Khouw said.

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In a bid to significantly reduce the amount of health infections and problems throughout the world,many international organizations and other government agencies have resorted to using the internet as the best platform of providing education to people. Health education helps the people to acquire knowledge on the kind of lifestyle they should live or avoid plus the measures they can take to prevent or reduce the occurrence of some common or chronic diseases. There are a many reasons that make online provision of health education the best method of sensitizing people on health issues. The following reasons seek to explain why online training is the most effective compared to the use of other methods.

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