u/thekidboy

I was looking at the price history of this stock and decided to do some quick analysis. The volatility of QXO is incredibly high this year. More than half the time the stock is having a 2% move up or down. More than 1/5th of the time it's moving 5%. To be honest, the reason for this is because today the stock is down 5% and I was curious how often we see these moves with QXO.

For a 'boring' industry like building products I am just surprised at how volatile the stock is. Thoughts?

I did a comparison to Home Depot, which is much more stable but is considered a market competitor below.

	Total Trading Days	>1%	>2%	>5%
QXO (# of Days)	159	129	98	33
QXO (% of Trading Days)		81.13%	61.64%	20.75%
Home Depot (# of Days)	159	94	45	2
Home Depot (% of Trading Days)		59.12%	28.30%	1.26%

Just thought I'd contribute and share my investments today as earnings are due to come out after close. I've sold >40 CSPs of QXO at $14 each, netting around $550 in total. The puts have actually lost money since I sold them on Monday when price was around $16. If I sold them now I'd probably get 1.5x or 2x as much.

I've been really interested in QXO since I heard Brad Jacobs on the Odd Lots podcast. His strategy of acquiring companies and optimizing them to achieve efficient companies that are well integrated. I heard about this company more than a year ago but got more involved recently when I looked and saw this company was near all time lows. SPY and VOO feel overvalued so I thought I'd make some moves on QXO.

My strategy has so far been to sell CSPs on the stock and net the premium. It's not fancy and I don't expect huge gains but it's been a good way to make money on idle cash that is already earning 3% in interest. If it ever goes below my price I can push out a week or get assigned. I got assigned when price fell to $13.50 but after that I sold covered calls at $14.5 and made an OK profit.

I do have faith in this stock and predict these values are lows. I like Brad Jacobs strategy and am excited to see how he'll be able to get these all integrated and achieve 'synergy'. For earnings today, I've positioned myself to catch the knife at $14 (about 5% downside). Not gonna lie I will feel bummed if this pops which I think is possible and maybe more likely than hitting my $14 price.