Moderately bullish activity in DraftKings (DKNG), with shares up 50c, or 1.59%, near $31.66. Options volume relatively light with 59k contracts traded and calls leading puts for a put/call ratio of 0.16, compared to a typical level near 0.37. Implied volatility (IV30) is higher by 0.4 points near 65.56, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.31. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: DraftKings (DKNG) will report earnings after the close on 2025-11-06.Option markets are pricing in a 50% probability of a move greater than 10.81% or $3.42.
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:
- Nevada reports September statewide gaming win down 2.3% to $1.28B
- Cathie Wood Boosts Biotech Bets, Cuts Back on Tech Favorites, Including Shopify and Palantir (PLTR)
- Cathie Wood’s ARK Investment buys 499.5K shares of DraftKings today
- DraftKings drops 5% after Bloomberg says Polymarket returning to U.S.
- Polymarket plans to return to U.S. soon with sports focus, Bloomberg says