Just caught up on the Opendoor earnings situation dropping May 7 - pretty wild how much volatility is baked into this one. The open share price is sitting around $5.11 right now, down 12% for the year, and the derivatives market is pricing in roughly 8.77% price swings after the announcement. That's pretty substantial.

The Street is looking for -$0.09 EPS this quarter, which would actually be an improvement from last year's -$0.12 loss. Revenue expectations are around $666 million though, which is a huge drop from the $1.15 billion they did a year ago. The real estate market has been brutal with high mortgage rates and inventory issues squeezing their instant-buying model.

What's interesting is that Q4 showed some bright spots - home purchases jumped 46% sequentially and properties under contract surged over 300%. But profitability metrics got squeezed, with gross margin falling to 7.7%. The open share price has been all over the place partly because of this mixed picture.

Analyst consensus is basically "hold" - average price target around $6, which is only 17% upside from here. But you've got some outliers like Eric Jackson with an $82 target (yes, you read that right). He's betting on a housing recovery that takes a couple quarters to show up in the numbers. The stock already ran 630% year-over-year, so there's definitely some meme-stock energy in this one. Worth watching May 7 to see if the open share price reacts to the actual numbers or if sentiment takes over again.