DKNG IC Strangles & Straddles...Sold 10 IC for Friday at peak on Monday for the premiums.
I liked the down move early but the sideways pattern needs to move by Friday expirations.
The range needs to move more for max profits... we'll see!
Draftkings
DKNG - Draft Kings Swing TradeWith Sports scheduled to start making a comeback, we've been looking at this one for a Swing trade. Right now the stock is going parabolic so we're definitely expecting a pullback but we're going to keep riding it until we see some resistance.
Currently up 50% on this trade, possibly securing profits at the $48 level.
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Ready For take off !Well as soon as MLB negotiations settle with players For July Start I think this one is off to the Races Being there will be not much else to do.. Wish i bought More...
Draft Kings BubbleIN MY OPINION
The coronavirus has sparked a lot of interest in people with (extra money) stimulus checks/unemployment and (extra time) unemployed. When things go back to "normal" and people go back to their regularly scheduled days they will forget about gambling with draft kings but not all of them. I think there will be a solid price range that it will hang around... Right now the most resistance I've seen is around 18.68 and 11.43 for support. Of course price action isn't the only thing to factor in what a company is worth..
I will be looking to short this once momentum slows down.
Draft Kings is a Monster - Long Live Sports BettingsDraft Kings I personally believe is worth double what it is now. However, sports not being played all that makes it scary for investors. With news on earnings today I think you see a big time change. I think it will consolidate in the corner forming an ascending triangle and breakout the top. If it doesn't I also marked put options where to enter and wher to check on the way down.
Personally I am long not just on 30% rev earnings, but I love draft kings myself, their customer support, overall experience and its a money making machine with little overhead.
DraftKings $DKNGIt is trending up together with MA9, and it is pulling back now. I would expect to meet with 20SMA now.
Bull FLAG Clear Bull Flag forming On the Hour ill continue to watch the formation enter on high volume at break of top of first pull back candle That has great volume with good level 2.. target @25
DKNG ScalpDraftKings is an American daily fantasy sports contest and sports betting provider. The company allows users to enter daily and weekly fantasy sports–related contests and win money based on individual player and team performances in five major American sports (MLB, the NHL, the NFL, the NBA and the PGA), Premier League and UEFA Champions League soccer, NASCAR auto racing, Canadian Football League, the XFL, Mixed martial arts (MMA) and Tennis.
Short term scalp
Long DKNG
Entry 18.50
target 19.50
stoploss 17.50
