DraftKings Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Recent options trading activity for DraftKings (NASDAQ:DKNG) shows a mixed sentiment among big-money investors, with a slight bearish tilt. Benzinga's options scanner detected 8 significant trades, with 3 puts and 5 calls, indicating a price window of $25.0 to $38.0. The stock is currently trading at $35.9, down by 1.1%, with an upcoming earnings report in 3 days. Analysts have mixed ratings, with an average target price of $54.6.
July 29, 2024 | 6:16 pm
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Recent options trading for DraftKings shows a mixed sentiment with a slight bearish tilt. The stock is currently trading at $35.9, down by 1.1%. Upcoming earnings report in 3 days. Analysts have mixed ratings with an average target price of $54.6.
The mixed sentiment in options trading, with a slight bearish tilt, suggests uncertainty among big-money investors. The stock's recent decline and the upcoming earnings report add to the short-term bearish outlook. However, analysts' average target price remains significantly higher, indicating potential long-term optimism.
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