Mixed options sentiment in DraftKings (DKNG), with shares down $1.86 near $33.12. Options volume more than double the daily average with 166k contracts traded and calls leading puts for a put/call ratio of 0.39, compared to a typical level near 0.41. Implied volatility (IV30) is higher by 5.6 points near 61.92,in the top quartile of the past year, suggesting an expected daily move of $1.29. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Underperform at Northland.
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:
- DraftKings price target lowered to $54 from $58 at Mizuho
- DraftKings, Flutter slide as NYSE owner invests in Polymarket
- Moderately bullish activity in DraftKings with shares up 0.69%
- DraftKings price target lowered to $51 from $54 at Jefferies
- DraftKings: Oversold Opportunity Amid Regulatory Uncertainties and Market Fluctuations