⏳📉 OPEN | Opendoor Technologies Cash Secure Put Update | Market Time and Directional Gains
Hey traders! 🚀
Ever sold a put and watched theta work its magic while the stock does the unexpected? That's exactly what's happening with my $Opendoor Technologies (OPEN.US)$ cash-secured put trade. Started on Sept 12, and now, 10 days in, we're sitting on a sweet 60.90% unrealized gain thanks to time decay and the uptrend move!
🔍Option Entry Recap - Cash Secure Put (Sell Put)
Just checking back on that put-selling trade I started on September 12, 2025, for Opendoor Technologies(OPEN) I sold the October 10, 2025 $7 put for $0.78 premium. Back then, the stock was around $8.50–$10. I picked the $7 strike because it matched a strong support level and the 0.618 Fibonacci retracement near $7.26 from the recent drop. My plan: the stock would fill the gap down to test that support, then bounce back up for another run.
Position: OPEN 251010 7.00P (OPEN251010P7000)
Cash-Secured Put
✅ Pros
– Get paid premium while waiting to buy stock.
– Defined risk (cash set aside).
– Enter stock at discount if assigned.
❌ Cons
– Capital heavy (cash tied up).
– Limited upside (only premium).
– Stock can drop far below strike.
Now, on September 22, things didn't go exactly as planned. Instead of falling, we got that big rally starting the 17th—stock hit $10.87 on the leadership news—then it's been consolidating around $9–$10. No drop to my support yet. That's the backup plan I had: if it consolidates, just collect the premium as time passes.
🧾IV Review
Right now, the $7 put is trading around $0.25–$0.35 (last at ~$0.30). That's a nice ~61% unrealized gain ($0.48 profit per contract on the $78 credit). With 18 days left, time decay is helping, and volatility is still high after the rally. This keeps the premium decent if we stay in this range. No complaints—options selling is about that edge.
📈 Is the Story Still Holding?
Yes, the main story is still in place. That's why I'm keeping the trade until expiration. Since the stock price is affordable, I am willing to be assigned the 100 shares if that happens. Let's look at the key parts, with a quick update:
Leadership Changes:
– New CEO Appointment: Opendoor announced Kaz Nejatian, former Shopify COO, as the new CEO, with co-founders Keith Rabois and Eric Wu rejoining the board. This shift was described as a return to “FounderMode,” sparking significant investor optimism and contributing to the stock’s rally.
– Interim CFO Appointment: Christy Schwartz was named interim CFO, effective at the end of September, which further fueled market interest.
– Retail and Activist Investor Influence: Retail investors and activist pressure led to the ousting of the previous CEO, contributing to the stock’s surge as part of a broader narrative akin to a GameStop-like rally.
Macro Environment:
– Hints of Federal Reserve rate cuts created a favorable backdrop for real estate stocks like Opendoor, as lower interest rates could boost housing market activity. This was cited as a factor in the stock surge to 52-week highs on September 17, 2025.
Source:
🧠Thoughts?
In short: OPEN thesis is intact, so I'm holding and may consider rolling for extra premium. Bull case, stock stays above $7 (with support at ~$9 now), and I keep the full $0.78 premium (100% return). Bear case, a dip to below $7 lets me get assigned at a cheap price and ride the next move up. Theta wins either way.
How about you? Are you already in the ride with options or stock, or waiting for the best timing?
Comment down below so we can learn from different outlooks, theses, and strategies from each other—don't be shy!
Happy trading this week!
#OPEN #OptionsTrading #ThetaGang #CashSecurePut #SellPut
⚠️ Disclaimer: This is for tracking my trades and strategies for personal review. Not investment advice — always do your own research and ensure it fits your risk tolerance.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Options Hunter
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Lewis TEG : no question all share start from penny and growth big. this counter is worth investing because now is a low interest rate environment
Value Hunter : you are not wrong there
Leonidas21 : expect the unexpected
Darnelle Medley : We are at an OFFICIAL DIP BUY ZONE. The stock has pulled back 23%-25% Froms its 52-Week High. Fact Check me. FIB RETRACE TOP/DOWN. 0.236. Pullback occur 52 stock make a new 52-Week High. This causes Selling Pressure, Gives the stock a chance to breathe. She ran fast and hard and then formed the Flag Pole that starred at $4-6. This led to 2 52-Week Highs. We attempted a Bull Flag , but failed when pulled back from 10.87 and could not maintain 10.54. which in essence would of launched the stock to 11+ 10.87 is now resistance combine with Selling Press/Profit taking by Institutions and Retail Traders. Pullbacks and this much needed dip creates liquidity through Bot Flushes/Stop Hunts and Panic Selling. This may be screwed up. atleast it OPENS DOORS for NEW MONEY to enter now and helps traders that got trapped at 10.50+ $Opendoor Technologies (OPEN.US)$ Hold The Door $6.91
Coach Donnie :
OPEN 𑐠
Coach Donnie : $Opendoor Technologies (OPEN.US)$ Perfect storm
and bear 
trap 
again. GOD Bless the housing market, and may everyone who deserves it get to own the home 
they desire and/or an additional home 
to rent out via $Open in the near ure.
DaviSpeedTrading : if you’re better than 50%, (60%+) buy to close and open a new one. No ?
Lewis TEG : observe the closing price and it a upwards momentum. good support.