Reddit Isn’t Done With Rocket Mortgage. You Can Profit As Prices Dip. If you’re in it for short-term profits, RKT options can score some easy wins. Just don’t try the buy-and-hold strategy at $35. By Thomas Yeung, CFA, InvestorPlace Markets Analyst Mar 3, 2021, 2:45 pm EDT March 3, 2021
Rocket Mortgage (NYSE:
RKT) stock spiked 70% as members of Reddit’s r/WallStreetBets turned their attention to the Detroit-based online mortgage firm. With that, we saw several lucky souls supposedly have their net worth rise anywhere from $180,000 to $1.4 million in less than four hours.
Source: Lori Butcher / Shutterstock.com
Sorry, Wall Street. You’ve lost again to retail investors.
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