Rocket Companies (RKT) stock is experiencing a significant upturn in Tuesday's trading session, soaring 5.06% as of 11:17 AM. The surge comes on the heels of notably bullish options activity detected earlier in the day.

According to market data, Rocket Companies saw an unusual spike in call option trading. Approximately 21,491 call options were traded, which is five times the expected volume. This surge in bullish bets suggests that traders are anticipating further upside for the stock in the near term.

Adding to the bullish sentiment, the implied volatility for Rocket Companies options jumped by over 45 points to 98.23%. This significant increase in implied volatility indicates that the options market is pricing in the potential for larger price swings in the underlying stock, which could be driving more speculative trading activity.