Greetings. I'm even more bullish on DKNG, which is currently a pullback (61.8% retracement) from the uptrend that began 08 Sep. DKNG is also at the low-end of the Bollinger Band, which indicates an opportunity to GO LONG. Support at $45, which is slightly below the 50EMA. I anticipate a retest the $64 high before options expire on 20 Nov.
I'm LONG on the following:
- 20-Nov DKNG $55 C
- 30-Oct DKNG $55 C
- 30-Oct DKNG $50 C
- 23-Oct DKNG $40 P
I'm SHORT:
- 23-Oct DNKG $45 P
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
I'm LONG on the following:
- 20-Nov DKNG $55 C
- 30-Oct DKNG $55 C
- 30-Oct DKNG $50 C
- 23-Oct DKNG $40 P
I'm SHORT:
- 23-Oct DNKG $45 P
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
