Rocket Lab’s 76% Call Flow Faces an After-Close Test

By Amara Osei

Rocket Lab Corporation shares jumped 15.4% to $53.07 on Friday, and GTA Terminal said $4.0 million in options premium traded into the company’s earnings report after the close. Calls took 76% of that money. At $53.07, the shares remained just below GTA Terminal’s $54.87 20-day moving average.

What does the options flow show?

GTA Terminal’s Nov. 6 options data showed $3.0 million in calls and $988,000 in puts, producing a put/call volume ratio of 0.64. Fifteen contracts traded above their open interest, according to the GTA Terminal breakdown.

• GTA Terminal counted 5,127 Nov. 13 $60 calls against open interest of 3,777, worth about $738,000; it identified $60 as the most active call strike.
• GTA Terminal showed 1,366 Nov. 13 $53 calls against 924 in open interest, worth about $540,000.
• For the put side, GTA Terminal counted 1,828 June 2027 $40 puts against 1,451 in open interest, worth about $1.1 million.
• GTA Terminal also counted 678 Nov. 13 $54 puts against 500 in open interest, worth about $305,000.

GTA Terminal grouped the $60 and $53 calls under Nov. 13, while the $54 puts also carried that expiry. The June 2027 $40 puts were the longest-dated trade in the four-position list, with the largest value at about $1.1 million.

Where did off-exchange trading stand?

GTA Terminal’s off-exchange share, described as the dark-pool measure, was 48.1% on Nov. 2, 36.5% on Nov. 3, 40.2% on Nov. 4 and 48.2% on Nov. 5. The measure stood at 44.6% on Nov. 6 across 9.2 million shares.

The reading rose from 36.5% on Nov. 3 to 48.2% on Nov. 5 before easing to 44.6% on Nov. 6. GTA Terminal’s series ended below the prior day’s 48.2% but above the 40.2% recorded on Nov. 4.

What did the daily chart show?

RKLB closed at $53.07, below all four averages tracked by GTA Terminal: $54.87 for the 20-day SMA, $62.56 for the 50-day, $70.68 for the 100-day and $78.87 for the 200-day. GTA Terminal classified $62.56 as the upper level.

GTA Terminal said Friday’s 15.4% gain came one session after RKLB reached a $43.89 low on Nov. 5, its lowest level in 60 sessions. Trading volume reached 20.7 million shares, about 1.1 times the 20-day average.

GTA Terminal put the 14-day RSI at 44. It also recorded RKLB at $54.20 in Monday premarket trading at 7:51 a.m. ET, up 2.1%.

GTA Terminal’s readings left RKLB above the Nov. 5 low but below all four averages at Friday’s close, despite the 15.4% rebound.

Which levels define the setup?

GTA Terminal mapped four levels for the post-report watch:

• $62.56: the 50-day SMA and upper level.
• $60: the strike of the most active Nov. 13 call.
• $54.87: the 20-day SMA and the chart’s pivot.
• $43.89: the Nov. 5 low and stated invalidation level.

What would confirm or invalidate the call lean?

GTA Terminal set two tests for the post-report move. It said the call lean would be confirmed by “price holding above 54.87 after the report with call money still building.” It said the setup would be invalidated by “a drop back under 54.87, and a break of 43.89 below that.”

GTA Terminal tied confirmation to both price and continuing call activity. It labeled its analysis as not financial advice.

With the earnings report due after the close, GTA Terminal’s post-report test centers on $54.87: holding it while call money builds confirms the lean, while a break of $43.89 invalidates it.