Why the Math Doesn’t Work for Opendoor’s (OPEN) Unusual Options Volume

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Absent any context, it might seem strange to have any hesitation toward real estate innovator Opendoor Technologies (OPEN). Utilizing an iBuyer model or the leveraging of artificial intelligence and machine learning to help flip homes for profit, Opendoor appears a brilliant idea. To bolster this image, OPEN stock skyrocketed nearly 83% since the January opener. As well, the novel real estate enterprise represented one of the highlights of Barchart.com’s screener for unusual stock options volume. Specifically, total volume for Opendoor reached 57,557 contracts against an open interest reading …

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