BREAKING: Davey Day Trader "Made Like A Million" Dollars Thursday... And Decided Not To Tell Anyone
While you were sitting around waiting for BeReal time on Thursday, Dave was pre-gaming college football with the type of trade Michael Lewis would write a book (that would be made into a movie) about.
Last week I blogged about Davey Day Trader's comeback and next level bullish call on Lululemon. A few minutes before the close on Thursday Dave tweeted this…
Soon after, the yoga pants maker reported earnings and shares jumped 10%, prompting this dagger…
It's hard to imagine a more perfect earnings report from a publicly traded company in 2022…
$LULU beat Wall Street's expectations on the top and bottom line, its store and website traffic mooned, it maintained its profit margin, and management went full spin zone on its growing inventory (read: it was excited about the athleisure wear piling up in warehouses, because it meant it could sell it all AT FULL PRICE this holiday season).
Picking this stock and making this trade against the backdrop of markets getting rekt and dumpster fire retailer earnings is some straight-up Gordon Gekko size king shit. The kinda power move that reeks of Bradley-Cooper-in-'Limitless'.
Which is why I called Large and asked him to text Dave. I NEEDED to know how he went about making Warren Buffett look like a beta boy before we recorded today's episode of The Family Office…
Well, he didn't share his thesis… but he did drop this bomb…
(Source: Large's cell phone)
That's right, Davey Day Trader made "like a million" dollars trading Lululemon options last week.
And he didn't tell anyone how much he made…
… until Large pulled it out of him.
Which leads me to believe…
1) Dave Portnoy is the most humble man alive
2) "Like a million" dollars no longer moves the needle for Dave
3) A mix of both
For the record, if I made $1 million on a trade, I'd hire a skywriter to let major metropolises around the world know how big swinging my dick is. But not Dave. He made a million bucks and moved on to a slate of week one Thursday college football games.
Large and I discussed the entire ordeal on this week's episode of The Family Office. Large shares the text chain in its entirety and drops some inside baseball on reaching out to Dave…
