Strong Buy OPEN by Dec 26, 2025.

I’ve got \~$30k in long calls on Opendoor ($OPEN). Here’s why I think this stock is positioned for both long-term growth and a potential market re-rating. # 1. Undervalued Relative to Market * **Market Cap:** \~$7B, which is tiny compared to the multi-trillion U.S. housing transaction market. Even a modest share of this market justifies a higher valuation. * **Valuation:** Price-to-sales multiples remain compressed compared to other real estate tech players. If margins improve, OPEN has serious rerating potential. * …