Arun Jacob

Professional Trader: Growth Investor and Option Seller. I Do Trust In The Process🔥

[Arun Jacob @IAmArunJacob]

@clintoptions @nejatian is brilliant. He will turn the housing around..!!

[Arun Jacob @IAmArunJacob]

@clintoptions Just love.. 26y old with 11k share. I know this will change my life..

[Arun Jacob @IAmArunJacob]

@clintoptions $SPY

[Arun Jacob @IAmArunJacob]

@clintoptions $SPY

[Arun Jacob @IAmArunJacob]

@mikealfred if your portfolio becomes billion dollar worth someday, how much confident are you in believing that $OPEN will be the main contributor to that?

[Kaz Nejatian @nejatian]

Some news. Today, for the first time in Opendoor's history, we bought back our own stock.

Our share count is down 5%. We paid for this buyback with money borrowed at a 0% coupon and we still have hundreds of millions of dollars left to grow faster.

There are plenty of helpful details, along with a lot of legalese, in our press release and 8-K (linked below). But there are a few things I want to say directly and in plain English.

First, I *despise* dilution. On my first earnings call at Opendoor, I told you that if we issue a share, it has only one job: to make every other share worth more for our existing shareholders, not to extend runway for management. The flip side is just as simple: when our own stock is one of the best uses of capital, we should buy it back. Today, we did just that - by 5%.

Second, I run a publicly traded company. I don’t get to have feelings about the macro or the way Wall Street works. My job is to understand the rules of the game and use them to find an edge and build a better company.

One of those realities is that our stock price has lots of volatility.

People disagree - A LOT - about what Opendoor could be worth one day. Some think we're worth less. Some think we're worth dramatically more. I obviously have a view…

That disagreement isn’t just noise - it has economic value that Wall Street monetizes every single day.

Most companies would treat this as a headache, but we see it as an asset. If people are going to speculate about our future, I'd rather our shareholders get paid than anyone else. So instead of complaining about volatility, we used those dynamics to borrow $650M at a 0% coupon.

Then we turned around and used part of those proceeds to buy back our own stock. At today's prices, buying back our stock and call options was one of the best trades on the board. The rest stays on our balance sheet so we can buy more homes and grow faster.

As for dilution, we bought our stock where we thought it was cheap and pushed any future dilution far above today’s price. Not one net new Opendoor share will exist below $10.38. And if we buy back stock in the future, that floor goes higher.

But why raise now? Because the best time to raise capital is when you don’t need it. We’ve proven the business can reach ANI profitability, but profitability is just the starting point, not the finish line. And waiting could make the shares we are buying back today more expensive, and homes we could be buying don’t get bought. I’d rather move now.

Some people will call what we did today aggressive. They’re right. But being aggressive is how we fixed a company that spent years being careful. I’d make that trade again.

To our shareholders: You trusted us with your capital. Today, for the first time, Opendoor used its own capital to buy more of itself. The company is putting its money where its mouth is. Tomorrow, I will too.

After our lawyers allow, I’m personally buying $100K worth of shares. I'm all in, and I plan to keep buying.

[RealOpenArmy @RealOpenArmy]

no more cohort arrival chart; not even quarterly, @nejatian? when i previously asked about publishing it more frequently, you mentioned it made sense to share it once the data had matured. any reason it wasn't included in this earnings call?

[Arun Jacob @IAmArunJacob]

Hey @nejatian , i have a question being the shareholder. What percentage of houses transacted in Q1 was actually exchanging of houses. With this i mean, they sold to opendoor and just bought the other one from opendoor as well? And how much are your targets for each quarter?

[Kaz Nejatian @nejatian]

@jakemintz Amazon went all the way down to $2B in market cap and had massive debt load. AMD, just a decade ago, was at $1.3B in market cap and an even bigger debt load.

Public turn arounds are not for the faint of heart. They are hard but they are also valuable and fun.

[Arun Jacob @IAmArunJacob]

Is $KOSPI following our $SOXX or our $SOXX copying $KOSPI😂??

[Arun Jacob @IAmArunJacob]

@RobinhoodApp @SharqSamsu

[Arun Jacob @IAmArunJacob]

@vladtenev I would like to get invited for the ROBINHOOD PLATINUM CARD in the first rollout please. Can you help me with that ??

Already a gold card member!

[Arun Jacob @IAmArunJacob]

@vladtenev I would like to get invited for the ROBINHOOD PLATINUM CARD in the first rollout please. Can you help me with that ??

Already a gold card member!

[Arun Jacob @IAmArunJacob]

@mikealfred $OPEN under $4. Are you not buying more?

[Arun Jacob @IAmArunJacob]

@realDonaldTrump has told us 4 times in total to go out and buy $DELL computers. This is the best investment opportunity in the market now.

[Lucas Matheson @lucmatheson]

It's done. The Doma team is officially part of @Opendoor. Since March, the Title Acceptance Program has expanded to more lenders and more states with a stronger runway through 2027.

Doma handles the risk decision. We close the transaction. Homeowners keep more money.

This is what fixing homeownership looks like, and we're just getting started 🏡

https://t.co/8cPHl2QeFr

[Arun Jacob @IAmArunJacob]

@Franklin77Saint Who do you think will win today?

[Arun Jacob @IAmArunJacob]

This #spain team is built different!

[Arun Jacob @IAmArunJacob]

@Franklin77Saint Portugal is not gonna win this time if they are gonna play like this. Ronaldo barely getting to touch the ball..!!

[Arun Jacob @IAmArunJacob]

I took $AAOI $300 strike for June 26 at 5.40.