Whales with a lot of money to spend have taken a noticeably bullish stance on DraftKings.
Looking at options history for DraftKings DKNG we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $266,632 and 4, calls, for a total amount of $195,434.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $46.0 for DraftKings over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for DraftKings options trades today is 779.14 with a total volume of 2,303.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for DraftKings's big money trades within a strike price range of $40.0 to $46.0 over the last 30 days.
DraftKings Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DKNG | PUT | SWEEP | BULLISH | 08/15/25 | $6.45 | $6.35 | $6.35 | $44.00 | $150.5K | 197 | 251 |
| DKNG | CALL | SWEEP | BEARISH | 08/15/25 | $4.3 | $4.2 | $4.2 | $46.00 | $74.7K | 270 | 178 |
| DKNG | CALL | TRADE | BULLISH | 12/19/25 | $8.65 | $7.9 | $8.65 | $40.00 | $51.9K | 552 | 0 |
| DKNG | PUT | SWEEP | BULLISH | 03/21/25 | $3.85 | $3.8 | $3.8 | $43.00 | $51.6K | 1.0K | 137 |
| DKNG | CALL | SWEEP | BEARISH | 02/07/25 | $0.73 | $0.72 | $0.72 | $42.50 | $43.5K | 1.6K | 1.0K |
About DraftKings
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 in which it competes. DraftKings is now live with online or retail sports betting in about 30 states and iGaming in seven states, with both products available to around 40% of Canada's population. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.
Present Market Standing of DraftKings
- Currently trading with a volume of 2,616,877, the DKNG's price is down by -0.17%, now at $41.88.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 10 days.
Professional Analyst Ratings for DraftKings
3 market experts have recently issued ratings for this stock, with a consensus target price of $49.333333333333336.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for DraftKings, targeting a price of $54. * Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for DraftKings, targeting a price of $50. * An analyst from Benchmark has revised its rating downward to Buy, adjusting the price target to $44.
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.
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