Moderately bullish activity in DraftKings (DKNG), with shares up 11c, or 0.36%, near $30.25. Options volume relatively light with 13k contracts traded and calls leading puts for a put/call ratio of 0.27, compared to a typical level near 0.33. Implied volatility (IV30) is higher by 0.7 points near 68.03, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.30. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: DraftKings (DKNG) will report earnings after the close on 2025-11-06.Option markets are pricing in a 50% probability of a move greater than 8.67% or $2.62.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DKNG:
- PA may consider raising 34% sports betting tax, Gambling.com’s Bittenbender says
- Cathie Wood Boosts Biotech and DraftKings Stakes, Trims Shopify
- Cathie Wood’s ARK Investment buys 98K shares of 10x DraftKings today
- Moderately bullish activity in DraftKings with shares up 1.59%
- Nevada reports September statewide gaming win down 2.3% to $1.28B