Mixed options sentiment in DraftKings (DKNG), with shares down 88c near $34.31. Options volume roughly in line with average with 63k contracts traded and calls leading puts for a put/call ratio of 0.34, compared to a typical level near 0.38. Implied volatility (IV30) dropped 2.89 near 61.67,in the top quartile of the past year, suggesting an expected daily move of $1.33. Put-call skew steepened, indicating increased demand for downside protection.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DKNG:
- Option traders moderately bearish in DraftKings with shares down 0.85%
- NY casino license withdrawal positive for MGM Resorts, says Morgan Stanley
- DKNG, RKLB, and RBLX Among Cathie Wood’s Top Trades on Tuesday (October 14)
- Cathie Wood’s ARK Investment buys 236.3K shares of DraftKings today
- DraftKings price target lowered to $59 from $64 at Susquehanna