DKNG DraftKings Options Ahead of Earnings

30 Jul 2024

If you haven`t bought DKNG before the previous earnings:

Now analyzing the options chain and the chart patterns of DKNG DraftKings prior to the earnings report this week,
I would consider purchasing the 36usd strike price Puts with
an expiration date of 2024-8-2,
for a premium of approximately $1.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

8 Agu 2024

Trading ditutup: target tercapai

DKNG traded at $31.91 at expiration, and the Puts went up from $1.64 (when I wrote this article) to $4.09 before the close, for a decent 2.47X gain!