New York, February 3, 2026, 12:54 (EST) — Regular session
- Opendoor shares climbed roughly 6% by midday, pushing higher after two volatile sessions.
- The stock held up well despite a softer overall market, while trading volumes remained high.
- Options markets pointed to the likelihood of large daily swings.
Shares of Nasdaq-listed Opendoor Technologies Inc jumped roughly 6% to $5.11 by midday Tuesday, having peaked at $5.25 earlier. Trading volume exceeded 38 million shares, with the price fluctuating between roughly $4.81 and $5.25.
The shift caught attention amid a weak day for U.S. stocks. The Invesco QQQ Trust dropped nearly 1.9%, and the SPDR S&P 500 ETF Trust slipped around 1.1%. The iShares U.S. Real Estate ETF declined about 0.6%. Zillow Group Inc shares fell close to 3.8%.
Why it matters now: rate-sensitive and housing-related stocks are moving without one of the week’s biggest signals. The U.S. Bureau of Labor Statistics announced the January jobs report won’t drop Friday due to a partial government shutdown, cutting out a crucial data point for interest-rate wagers. “The fundamentals are good and earnings are strong,” said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder, in a wider market commentary. (Reuters)
Opendoor ended Monday at $4.82, hitting a peak of $5.12 and dipping to $4.80 during the session, with almost 50 million shares traded, per pricing data. On Tuesday, the stock bounced back above $5. (Yahoo Finance)
Options trading remained busy on Monday, with TheFly noting roughly 68,000 contracts changing hands in Opendoor. Calls dominated puts, pushing the put/call ratio down to 0.28. Meanwhile, 30-day implied volatility hovered around 92.6, signaling an expected daily price swing near $0.29. (Implied volatility reflects the market’s forecast for stock movement, based on option prices.) (TipRanks)
Opendoor operates a digital platform that purchases homes directly from sellers and then resells them, offering additional listings products as well. This setup makes the company vulnerable to shifts in home prices and financing conditions, often amplifying market fluctuations when interest rates adjust. (Reuters)
Opendoor is set to release its fourth-quarter and full-year 2025 results on February 19, accompanied by a live “Financial Open House” video event. Shareholders can start submitting and upvoting questions from February 12. (GlobeNewswire)
Investors in housing-related stocks are eyeing this week’s data for clues to fill in for the postponed payrolls report. They’re particularly focused on Wednesday’s services-sector update from the Institute for Supply Management. (Institute for Supply Management)
But the situation works both ways. If the broader market keeps falling, risk appetite could evaporate fast. Opendoor’s business feels the pinch when borrowing costs stay elevated or home prices slip, narrowing the margin between its purchase prices and resale values.
Traders are now eyeing Wednesday’s services data and any shutdown updates that might push the U.S. jobs report back into focus. After that, Opendoor’s results on February 19 will be the next major date.
