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DRAFTKINGS INC COM USD0.0001 CL ADRAFTKINGS INC COM USD0.0001 CL ADRAFTKINGS INC COM USD0.0001 CL A

DRAFTKINGS INC COM USD0.0001 CL A

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DKNG on watchAlert set at 54. Like it long above box to the fib targets above 786 and 886. Risk is a close below the box.. If the stock pulls back I like and entry closer to the bottom of the box. All trades posted need broad market/sector support so watch the indexes while you trade. ie do not enter if the broader market is selling off or coming into significant resistance. Additional Info: I am an intraday scalper and short term swing trader of stocks & Futures using options and equity. I focus on high volume momentum stocks in strong uptrends. My time frame is between 5minutes to 5 days on most trades. I scale into positions and scale out of positions as my targets are hit. I always trail my stops after T1 is hit to reduce risk and lock in gains. If my post is on a Weekly/Daily/240M chart the idea is a swing trade. If my post is on a 60M chart or lower the idea is a day trade. Day trades can turn into swing trades if the stock is strong. All trades should be supported by market direction. Treat my posts as trade ideas and not signals. Traders must trade using their own back tested trade plan and rules. Traders must plan risk first and profits second. Happy Trading!
NASDAQ:DKNGLong
by WadeYendall
2
$DKNG Big Head and ShouldersThere's a pretty good Head & Shoulders on the Daily/Weekly for $DKNG. The right shoulder is surprisingly similar in structure to the left shoulder.. a peak, trough, then lower high. Neckline is a little bit dirty, but then again its COVID so not a lot of us are shaving regularly :) Today saw a nice spike which MAY be the real move (news that they are launching gift cards for the holidays), or it may be a fake out- which is what I am hoping for. Either way this will be making big move shortly. My hopes is we end the day with a big upper wick/shadow and start TODAY. The expectation would be a drop below the lower Bollinger Band and ride it down there mostly like a diagonal escalator, as seen previously. $40 is a nice price to hope for. Options IV30 Percent Rank is 10% today. Very low and subdued. Meanwhile term structure saw some signs of the beginning of Backwardation- in other words, the nearest expirations 12/18, 12/24 saw an increase in IV, while the mid-terms remained the same and the far-terms actually declined some. What this means is that the tail is starting to wag. So how do we play this from an options viewpoint? Long Puts Vertical Puts Long Straddles/Strangles or Debit Iron Butterflies/Condors The 1/15/21 and 2/19/21 expirations have decent option chains, with Earnings expected to be about 2/11/21. If IV rises significantly and you are strictly long puts, you have a great opportunity if this does make a significant move down as the shares are already Hard To Borrow. On stocks that are HTB if there's enough pressure they can run out of available shares to short or have such outrageous borrowing fees that the premium on Puts grows very high. Though there isn't much to be gained from selling calls for credits- IV is so low, I have opened some Bear Credit Spreads to offset the cost of Bear Debit Spreads. Theoretically speaking, you're offsetting your loss if this stocks..does nothing. If it moves sideways, the loss on the debit of the Puts are largely reduced. Good luck and happy trading.
NASDAQ:DKNGShort
by chrism665
8
DKNG time to boom! DKNG has been consolidating for about 2 weeks now, gave it a shot last week but with market sentiment being very uncertain now we have some certainty restored. Vaccines have been approved which is great for sports so we should see DKNG get a nice boost. Now we just need positive stimulus news and market will pump. resistance: 50.91, 52, 53.71, 54.83 support: 49.06, 47.70, 47 My plan: safe: 50C, 55C (12/24 - 1/15) lotto: 55C, 60C (12/18) (high oi and vol with these contracts) *keep in mind lottos are very high risk, set stop loss or let it ride out and secure profits whenever you want!
NASDAQ:DKNG
by jUiCE_Trades