Rocket Stock Pops on Trump's Plans to Buy Mortgage Bonds

Core Insights - Rocket Companies Inc (NYSE:RKT) shares increased by 6.1% to $22.53 following President Trump's announcement of a $200 billion plan to purchase mortgage bonds aimed at enhancing affordability in the housing market [1] Stock Performance - The stock has shown a 129.7% year-over-year increase and reached a four-year high of $22.85 [2] - RKT bounced off support at the 40-day moving average in mid-December and has ended in the green five times in the last six trading sessions, indicating a positive trend [2] Options Market Activity - Options traders are exhibiting heightened optimism, as evidenced by RKT's 10-day call/put volume ratio of 22.35, which is higher than 97% of readings from the past year [3] - The Schaeffer's Volatility Index (SVI) for RKT is at 55%, indicating that near-term option traders are anticipating relatively low volatility [3] - A total of 80,000 calls and 13,000 puts have been traded, which is three times the average intraday volume, with the most popular contract being the weekly 1/9 22-strike call [4]