[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Convexititties, CFA [@convexititties](/creator/twitter/convexititties) on x 2672 followers Created: 2025-07-21 18:19:16 UTC Try to stay one step ahead of the market. Chasing $open or even $opad at these levels is not ideal. The thesis, at least for me, was that mortgage rates are heading lower one way or another, which would support a rebound in housing market activity. That’s why I loaded $OPAD calls when the stock was $1/share. Now that a housing market rebound is becoming priced in, you should be asking yourself “what are the second or third order effects of a housing market rebound?” Here’s how I think about it: Lots of homeowners are sitting on mountains of untapped home equity given the sharp rise in RE values since 2020. If and when they sell, a lot of that home equity will be unlocked, so to speak, and many will utilize it to buy new furniture, in my opinion. What is the most expensive piece of furniture, broadly speaking? Mattresses. People are significantly more likely to purchase a mattress when they move. A sharp rise in the number of people moving combined with the unlock of a lot of home equity positions mattress retailers well for a sharp uptick in demand, in my view. Furthermore, the sector has been left for dead, with the major players >90% below their ATHs. Long $PRPL and $SNBR calls Happy trading! Skate to where the puck is going, not to where it already is. XXXXXX engagements  **Related Topics** [$1share](/topic/$1share) [rates](/topic/rates) [mortgage rate](/topic/mortgage-rate) [housing market](/topic/housing-market) [$opad](/topic/$opad) [$open](/topic/$open) [Post Link](https://x.com/convexititties/status/1947360743072141724)
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Convexititties, CFA @convexititties on x 2672 followers
Created: 2025-07-21 18:19:16 UTC
Try to stay one step ahead of the market.
Chasing $open or even $opad at these levels is not ideal.
The thesis, at least for me, was that mortgage rates are heading lower one way or another, which would support a rebound in housing market activity. That’s why I loaded $OPAD calls when the stock was $1/share.
Now that a housing market rebound is becoming priced in, you should be asking yourself “what are the second or third order effects of a housing market rebound?”
Here’s how I think about it:
Lots of homeowners are sitting on mountains of untapped home equity given the sharp rise in RE values since 2020. If and when they sell, a lot of that home equity will be unlocked, so to speak, and many will utilize it to buy new furniture, in my opinion.
What is the most expensive piece of furniture, broadly speaking?
Mattresses.
People are significantly more likely to purchase a mattress when they move. A sharp rise in the number of people moving combined with the unlock of a lot of home equity positions mattress retailers well for a sharp uptick in demand, in my view.
Furthermore, the sector has been left for dead, with the major players >90% below their ATHs.
Long $PRPL and $SNBR calls
Happy trading!
Skate to where the puck is going, not to where it already is.
XXXXXX engagements
Related Topics $1share rates mortgage rate housing market $opad $open