DKNG is a fat pig of a stock and it is about to get butchered.
Updated
I mean they have outstanding debt and their price has been pumped up during a time where consumer traffic is less than their usual. I personally think a negative earnings is coming and it will hit the price hard.
I do not usually have a position during earnings but this stock slapped me in the face twice and I think having a put on it will be a safe trade. Possible upward movement is their recent high of 28 dollars and downward movement could result in a price of 17-19 dollars.
I do not usually have a position during earnings but this stock slapped me in the face twice and I think having a put on it will be a safe trade. Possible upward movement is their recent high of 28 dollars and downward movement could result in a price of 17-19 dollars.
Trade closed: stop reached
Whatever... I played a IPO stock earnings call. Even tho they missed earnings and are still in debt their long term plan and CEO made it sound like a reasonable long term play.
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