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 22 trades.
If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 27% with bearish.
From the overall spotted trades, 13 are puts, for a total amount of $825,931 and 9, calls, for a total amount of $452,734.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $52.5 for DraftKings over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for DraftKings options trades today is 749.25 with a total volume of 8,438.00.
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 $20.0 to $52.5 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 | $15.95 | $15.85 | $15.85 | $52.50 | $112.5K | 35 | 72 |
| DKNG | PUT | SWEEP | BULLISH | 09/19/25 | $5.5 | $5.45 | $5.45 | $38.00 | $110.1K | 465 | 208 |
| DKNG | PUT | TRADE | BEARISH | 03/21/25 | $0.45 | $0.35 | $0.45 | $33.00 | $90.0K | 906 | 2.0K |
| DKNG | PUT | SWEEP | BULLISH | 03/14/25 | $3.05 | $2.98 | $2.99 | $39.50 | $82.2K | 1.8K | 1.2K |
| DKNG | PUT | TRADE | BULLISH | 03/28/25 | $3.9 | $3.85 | $3.85 | $39.50 | $76.2K | 0 | 396 |
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 25 states and iGaming in five 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 commissioned-based marketplace and develops and licenses online gaming products.
Following our analysis of the options activities associated with DraftKings, we pivot to a closer look at the company's own performance.
Present Market Standing of DraftKings
- With a volume of 7,662,814, the price of DKNG is down -6.47% at $36.86.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 52 days.
Expert Opinions on DraftKings
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $57.0.
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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. * Consistent in their evaluation, an analyst from Benchmark keeps a Buy rating on DraftKings with a target price of $51. * An analyst from Morgan Stanley has decided to maintain their Overweight rating on DraftKings, which currently sits at a price target of $53. * Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for DraftKings, targeting a price of $61. * Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for DraftKings, targeting a price of $60. * An analyst from JMP Securities has decided to maintain their Market Outperform rating on DraftKings, which currently sits at a price target of $60.
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