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 8 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $103,433 and 5, calls, for a total amount of $342,175.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $28.0 to $48.0 for DraftKings over the last 3 months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for DraftKings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across DraftKings's significant trades, within a strike price range of $28.0 to $48.0, over the past month.

DraftKings Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

About DraftKings

Where Is DraftKings Standing Right Now?

• With a volume of 2,651,079, the price of DKNG is up 0.47% at $42.44.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 7 days.

What The Experts Say On DraftKings

2 market experts have recently issued ratings for this stock, with a consensus target price of $52.5.

Unusual Options Activity Detected: Smart Money on the Move

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for DraftKings with Benzinga Pro for real-time alerts.