Bullish Case: Opendoor's recent layoffs may streamline operations, cutting costs amidst a possible spring real estate rebound, with seller activity potentially increasing as mortgage rates stabilize.


Bearish Case: Opendoor faces continued challenges with high loss rates, unsold inventory, and a volatile market that could suppress home buying activity and pressure company revenues.


Potential Outcomes: Earlier seller activity could slightly lift stock (30%). Ongoing losses and inventory issues may lead to further declines (50%). Market stabilization could keep stock flat (20%).


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March 27, 2024


Opendoor Forecast

OPEN        Opendoor
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)






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HZO Forecast + Options Trading Strategies   [HZO]  Marinemax (0.81)



Uncorrelated Stock Forecasts

Assets with little price relationship to OPEN



TGT Forecast + Options Trading Strategies   [TGT]  Target (-0.0)


NUS Forecast + Options Trading Strategies   [NUS]  Nu Skin Enterprises (0.0)


XFOR Forecast + Options Trading Strategies   [XFOR]  X4 Pharmaceuticals (-0.0)


RES Forecast + Options Trading Strategies   [RES]  RPC (0.0)


GPC Forecast + Options Trading Strategies   [GPC]  Genuine Parts (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against OPEN



PSQ Forecast + Options Trading Strategies   [PSQ]  ProShares Short QQQ (-0.51)


SRS Forecast + Options Trading Strategies   [SRS]  ProShares UltraShort Real Estate (-0.55)


DRV Forecast + Options Trading Strategies   [DRV]  Direxion Daily Real Estate Bear 3X Shares (-0.55)


SRTY Forecast + Options Trading Strategies   [SRTY]  ProShares UltraPro Short Russell2000 (-0.59)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.6)





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