Sold 1 Zillow Put today at $63
I dodged the bullet when it crashed
previously was selling puts at $93
now it crashed to around $65
They are exiting their ibuying business
which flips property
it is an asset heavy business
now they continue to focus on their strength
which is their internet business
they call it ITM
it earns from commissions of agents
they still have opportunities
due to buying real estate still have many pain points
they will layoff 25% of their work force
and become more asset light
so it is a good business
to own during this crash.
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