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Whales with a lot of money to spend have taken a noticeably bullish stance on DraftKings.
Looking at options history for DraftKings (NASDAQ:DKNG) we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 45% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $71,830 and 9, calls, for a total amount of $340,729.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $27.5 and $45.0 for DraftKings, spanning the last three months.
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for DraftKings's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of DraftKings's whale trades within a strike price range from $27.5 to $45.0 in the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DKNG | CALL | SWEEP | BEARISH | 03/20/26 | $3.35 | $3.3 | $3.3 | $32.50 | $70.6K | 2.8K | 236 |
| DKNG | CALL | TRADE | BEARISH | 09/18/26 | $2.98 | $2.85 | $2.85 | $45.00 | $49.8K | 6.3K | 176 |
| DKNG | CALL | SWEEP | BULLISH | 09/18/26 | $2.76 | $2.75 | $2.75 | $45.00 | $49.6K | 6.3K | 357 |
| DKNG | PUT | SWEEP | BULLISH | 03/20/26 | $3.7 | $3.65 | $3.65 | $30.00 | $44.5K | 4.1K | 8 |
| DKNG | CALL | SWEEP | BULLISH | 11/21/25 | $3.1 | $3.0 | $2.98 | $27.50 | $33.9K | 1.2K | 997 |
DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number-two or -three revenue share position across states where it competes. DraftKings is now live with online or retail sports betting in 28 states and i-gaming in 5 states, with both products available to around 40% of Canada's population. In 2024, sports revenue was 61% of total sales, i-gaming 32%, and fantasy and lottery 7%. The company also operates a non-fungible token commission-based marketplace and develops and licenses online gaming products.
In light of the recent options history for DraftKings, it's now appropriate to focus on the company itself. We aim to explore its current performance.
In the last month, 5 experts released ratings on this stock with an average target price of $42.0.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Barclays persists with their Overweight rating on DraftKings, maintaining a target price of $40. * Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for DraftKings, targeting a price of $48. * An analyst from B of A Securities downgraded its action to Neutral with a price target of $35. * In a cautious move, an analyst from Stifel downgraded its rating to Buy, setting a price target of $46. * Consistent in their evaluation, an analyst from Bernstein keeps a Outperform rating on DraftKings with a target price of $41.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest DraftKings options trades with real-time alerts from Benzinga Pro.
Posted In: DKNG
