DKNG headed back to the $60's

15 thg 8, 2021

My projection is based on previous moves from higher lows to higher highs. In an trending market DKNG moves 20-30% from the higher low to the higher high in 7-10 trading days, then retraces for 2-4 days to make a higher low. My forecast is $63+ by Sept 3rd. Buying Sept 10th ATM calls when DKNG retraces and touches the trend line. Football season will be kicking off Sept 9th which should a positive catalyst. Has no impact on my analysis but doesn't hurt to have tailwinds behind a thesis.

17 thg 8, 2021

Ghi chú

Entered position today on the trendline touch. Time for take off.

24 thg 8, 2021

Ghi chú

Monster move today. Took profit on half my position and bought GNOG calls. It is trading at a slight discount to DKNG and the options are much cheaper with a 9/17 expiration.

7 thg 9, 2021

Ghi chú

I was off by 1 trading day, damn.