Performance Snapshot

Grounded Summary

• OPEN returned -9.4% over 1M, 7.2% over 3M, and -16.1% over 6M.
• Relative performance was -6.7% vs SPY and -15.8% vs QQQ over 3M.
• The thesis field is missing or needs review.
• Headline context: Fetched headlines cluster around: macro/sector (3), product/business (1), uncategorized (1).
• Recent examples: OPEN Stock Can’t Stop Bleeding Yet As Sales Slide, Losses Widen — But Retail Believes CEO's Turnaround Case - Stocktwits; 5 Things to Know Before the Stock Market Opens on Thursday - Investopedia; Is the stock market open tomorrow, or will it close early for the Fourth of July?
• - MarketWatch.
• Main watch items: thesis needs review, large drawdown, underperforming QQQ, far below 52w high, IV above HV.
• Next earnings is listed as 2026-08-04; typical close-to-close earnings move is 12.1% on average.
• Options context: IV above recent HV; ATM average IV is 90.8% versus 6M HV 73.2%.
• Technical context: RSI 57.9 and direction score 0.2093.
• Portfolio role/theme: Housing technology.
• Next review question: What is the current reason for holding OPEN, and what would invalidate it?
• This is context for review, not a buy or sell recommendation.

Theme: Housing technology. Sector: Real Estate. Industry: Real Estate Services.

Headline Context

Fetched headlines cluster around: macro/sector (3), product/business (1), uncategorized (1). Recent examples: OPEN Stock Can’t Stop Bleeding Yet As Sales Slide, Losses Widen — But Retail Believes CEO's Turnaround Case - Stocktwits; 5 Things to Know Before the Stock Market Opens on Thursday - Investopedia; Is the stock market open tomorrow, or will it close early for the Fourth of July? - MarketWatch.

Questions for Next Review

• What is the current reason for holding OPEN, and what would invalidate it? Codex: Review OPEN against trend mixed, 3M return 7.2%, and headline context before changing the thesis.
• Why has OPEN lagged QQQ over the last 3 months? Codex: 3M relative performance vs QQQ is -15.8%; compare that against headline tone and thesis expectations.
• Is OPEN's drawdown company-specific, sector-driven, or broad market beta? Codex: 6M max drawdown is -42.4% with beta SPY 3.138402434066775 and sector Real Estate.
• What would need to change for OPEN to recover toward prior highs? Codex: Price is -53.4% from the 52-week high; watch for headline and technical improvement.
• Is OPEN sized for its typical earnings move? Codex: Next earnings is 2026-08-04 with typical move 12.1% and expected move 23.0%.
• Is OPEN's elevated implied volatility explained by earnings or headline risk? Codex: 6M realized volatility is 73.2% and options context is IV above recent HV.

Headlines

Evidence

JSON: /home/amirali/Documents/code/portfolio-analytics/outputs/evidence/OPEN.json

Markdown: /home/amirali/Documents/code/portfolio-analytics/outputs/evidence/OPEN.md