---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39474291.md"
description: "Opendoor has been hit hard by the market in the past two years, but low valuation itself is a catalyst for M&A. The logic for Zillow or some PE firm to step in during a housing market recovery cycle has always existed, with historical premiums for similar real estate tech M&A ranging between 30%-50%.There are currently no obvious large abnormal orders for far-dated calls on the options chain, but their appearance would be an early signal.The current GEX distribution is skewed negative, indicating significant capacity for price swings in both directions. It is recommended to use out-of-the-money calls with far expiration dates for low-cost M&A bets, with the total exposure controlled within 5% of the portfolio 🤔"
datetime: "2026-03-24T09:07:28.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39474291.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39474291.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39474291.md)
author: "[ひかりちゃん](https://longbridge.com/en/profiles/26499202.md)"
---

# Opendoor has been hit hard by the market in the pa…


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