DKNG DraftKings Options Ahead of Earnings

Looking at the DKNG DraftKings options chain ahead of earnings , I would buy the $17.5 strike price Calls with
2023-6-16 expiration date for about
$2.04 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
The longer expiration date will give me some room in case I'm wrong.

Looking forward to read your opinion about it.

Trade closed: target reached

DKNG reached the Price Target after earnings. Calls trading at $3 now, from $2.04. i think there is still some upside left by the expiration date.

Note

DKNG trading at $21.20 today and calls at $5.20 from $2.04. A decent 2.5X gain. Trade closed.

TopgOptions

Private SIGNALS patreon.com/PremiumOptionsSignals
Trading COURSE bit.ly/tradex
RESULTS bit.ly/TG10x
TradeNation bit.ly/t10X
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

TopgOptions

Also on: