DraftKings's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown significant bullish interest in DraftKings (NASDAQ:DKNG) through options trading, with 62% of the trades being bullish. The options activity suggests a targeted price range of $34.0 to $47.5. Analysts have given DKNG an average target price of $53.2, with ratings mostly being positive.
May 16, 2024 | 4:08 pm
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POSITIVE IMPACT
High-rolling investors have shown significant bullish interest in DraftKings through options trading, with 62% of the trades being bullish. The options activity suggests a targeted price range of $34.0 to $47.5. Analysts have given DKNG an average target price of $53.2, with ratings mostly being positive.
The significant bullish options activity and positive analyst ratings suggest a likely short-term price increase for DraftKings. The targeted price range of $34.0 to $47.5 and the average analyst target price of $53.2 indicate strong investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100