But his y strike is $5 and the stock is at $73. At over 3K shares after exercising it seems to not reflect that? I’m not arguing cause options are very new to me. But it seems like his options cost him about $2k dollars and are now worth $65k . But 3K shares at $73 is 219,000! So I’m ok with being wrong but what am I missing?
No, selling the option is more valuable than exercising 99.9% of time. The value of the option reflects his buy price vs current value of stock. Exercising is bad, because you are saying I don’t want to get paid market rate for the option. I just want to buy x shares a y strike.
Mr. Legg’s noted Reddit continues to significantly outperform the broader sector, though y/y ad spend growth moderated in 4Q for his clients.
He highlighted steady platform improvements, including expanded ad formats, better targeting, and increasing
CPMs.
Despite higher CPMs on the platform (almost doubling y/y), he noted advertisers continue to report strong ROI and are increasing spend.
You sir have no idea what you are talking about. RIVN is way past all the bad news and is approaching an inflection point with the rollout of R2, much cheaper EV for the mass market. This is their "Model Y" moment. Coupled with their in-house AI / Autonomy capability, the street is going to start re-rate RIVN's price target upward. It is not a car company, but a tech company, think of it as a AI / Robotic + software company.
TLDR - the bottom was in when RIVN was trading in the low $10s, and this is just the beginning of a massive multi-year bull run.