Deep-pocketed financiers have actually embraced a bearish technique towards DraftKings DKNG, and it’s something market gamers should not disregard. Our tracking of public alternatives records at Benzinga revealed this substantial relocation today. The identity of these financiers stays unidentified, however such a considerable relocation in DKNG generally recommends something huge will occur.
We obtained this details from our observations today when Benzinga’s alternatives scanner highlighted 8 amazing alternatives activities for DraftKings. This level of activity runs out the regular.
The basic state of mind amongst these heavyweight financiers is divided, with 37% leaning bullish and 50% bearish. Amongst these noteworthy alternatives, 5 are puts, amounting to $228,991, and 3 are calls, totaling up to $135,444.
Projected Rate Targets
After examining the trading volumes and Open Interest, it appears that the significant market movers are concentrating on a cost band in between $20.0 and $47.0 for DraftKings, covering the last 3 months.
Volume & & Open Interest Trends
Taking a look at the volume and open interest is an informative method to carry out due diligence on a stock.
This information can assist you track the liquidity and interest for DraftKings’s alternatives for a provided strike cost.
Listed below, we can observe the advancement of the volume and open interest of calls and puts, respectively, for all of DraftKings’s whale activity within a strike cost variety from $20.0 to $47.0 in the last 1 month.
DraftKings 30-Day Choice Volume & & Interest Photo
Noteworthy Options Activity:
| Sign | PUT/CALL | Trade Type | Belief | Exp. Date | Ask | Quote | Rate | Strike Rate | Overall Trade Rate | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DKNG | CALL | TRADE | BEARISH | 09/19/25 | $ 13.15 | $ 12.85 | $ 12.9 | $ 27.00 | $ 63.2 K | 58 | 0 |
| DKNG | PUT | SWEEP | BULLISH | 01/16/26 | $ 11.4 | $ 11.3 | $ 11.3 | $ 47.00 | $ 56.5 K | 465 | 52 |
| DKNG | PUT | SWEEP | BEARISH | 04/04/25 | $ 1.26 | $ 1.25 | $ 1.25 | $ 37.50 | $ 52.2 K | 1.1 K | 418 |
| DKNG | PUT | SWEEP | BULLISH | 04/04/25 | $ 1.47 | $ 1.25 | $ 1.25 | $ 37.50 | $ 49.3 K | 1.1 K | 480 |
| DKNG | CALL | TRADE | BULLISH | 05/16/25 | $ 2.92 | $ 2.86 | $ 2.92 | $ 39.00 | $ 37.0 K | 1.4 K | 2.1 K |
About DraftKings
DraftKings got its start in 2012 as an innovator in day-to-day dream sports. Then, following a Supreme Court judgment in 2018 that enabled states to legislate online sports betting, the business broadened into online sports and gambling establishment betting, where it usually holds the second or 3 income share position throughout states in which it contends. DraftKings is now cope with online or retail sports wagering in about 25 states and iGaming in 5 states, with both items offered to around 40% of Canada’s population. In 2024, sports income was 61% of overall sales, i-gaming 32%, and dream and lotto 7%. The business likewise runs a non-fungible token commissioned-based market and establishes and accredits online video gaming items.
Having actually analyzed the alternatives trading patterns of DraftKings, our attention now turns straight to the business. This shift permits us to explore its present market position and efficiency
Where Is DraftKings Standing Today?
- With a trading volume of 3,447,973, the cost of DKNG is down by -0.16%, reaching $38.38.
- Existing RSI worths suggest that the stock is might be approaching oversold.
- Next profits report is set up for 41 days from now.
What Experts Are Stating About DraftKings
3 market specialists have actually just recently released scores for this stock, with an agreement target cost of $54.67.
Unusual Options Activity Detected: Smart Cash on the Move
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* In a mindful relocation, an expert from People Capital Markets devalued its score to Market Outperform, setting a cost target of $60.
* Constant in their examination, an expert from Standard keeps a Buy score on DraftKings with a target cost of $51.
* An expert from Morgan Stanley continues with their Obese score on DraftKings, keeping a target cost of $53.
Trading alternatives includes higher threats however likewise uses the capacity for greater earnings. Smart traders reduce these threats through continuous education, tactical trade changes, using numerous signs, and remaining attuned to market characteristics. Stay up to date with the current alternatives trades for DraftKings with Benzinga Pro for real-time notifies.
Momentum 33.76
Development 74.05
Quality–
Worth 22.61
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