Today we are going to talk about Wayfair (W)

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Wayfair will report earnings Monday May 9th before the bell.

It has handily beaten earnings the past 3 quarters.

Fun fact: Wayfair was formed in 2002 as CSN Stores.

It was named after the initials of the 2 co-founders, Niraj Shah & Steve Conine

It started in Conine’s nursery at his house.

By 2011, they had over 200 online shops like strollers.com and cookware.com

They consolidated the smaller sites into Wayfair.com

Today Wayfair consists of 5 distinct brands:

* Wayfair.com
* Joss & Main
* All Modern
* Birch Lane
* Dwell Studio

They’e had consistent and steady growth

In 2010 it generated $380 M in revenue.

Over $500 M in 2011

Over $600 M in 2012

Over $900 M in 2013

Over $1.3 B in 2014

Over $2.25 B in 2015

Today over 4,000 weekly 33 puts expiring June 10th were sold

This implies that a trader thinks that the risk of a big decline is limited.

Wayfair closed at $36.06 today

On a side note, our mommy loves to shop at Wayfair.

We’ll be looking for Wayfair to beat estimates Monday morning.

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