Core Thesis - Coupang, Inc. is viewed as a high-conviction, short-to-medium-term bullish opportunity, with the stock likely having found a bottom after a significant selloff due to a data breach and class-action lawsuits [3][4]. Stock Performance - As of January 30th, Coupang's share price was $20.16, with trailing and forward P/E ratios of 95.19 and 41.67 respectively [1]. - The stock has dropped from the mid-$30s to approximately $23, with a 52-week low near $19, indicating a strong technical floor [3][4]. Investment Strategy - The investment strategy focuses on stabilization and mean reversion rather than aggressive upside breakout, as the bulk of negative news is believed to be reflected in the stock [4]. - Selling downside exposure around the $20 level allows investors to collect roughly $1 in premium on a $20 strike, translating to a 5% return in under half a year, or approximately 12% on an annualized basis [5]. Market Sentiment - The appearance of a 2,000-contract block trade, representing about $200,000 in immediate premium, signals institutional confidence that downside risk below $20 is limited [6]. - This situation reframes Coupang from a volatile e-commerce name to a disciplined income-oriented bullish position, benefiting from time decay and improving sentiment [6]. Historical Context - Previous bullish coverage highlighted Coupang's vertically integrated logistics, customer-centric model, and long-term margin expansion potential, although the stock has depreciated by approximately 5.75% since then due to data breach concerns [7].

On Seeking Alpha, I write to explore under-the-radar investment theses across emerging and frontier markets, from overlooked balance sheets to high-conviction equity ideas. My approach blends bottom-up research with macro context, always seeking asymmetric risk-reward in misunderstood or underappreciated geographies and companies. I have no strict sector focus, but I’m consistently drawn to stories that are under-covered or misunderstood. I’m particularly attracted to commodity-producing companies, from oil ...