August 05, 2022

Intraday Update: DKNG

DKNG turned in a big beat this morning, and the stock is surging early off the open. The move to 19+ has sent the Nov18 $17.50 - $22.50 call spread well into the money, so the plan will be to close the current spread and roll up to a tighter Nov18 $20 - $22.50 call spread. The Aug19 $15 - $12.50 put spread hedge will also be closed this morning. The next target is 20.50+.

Open Positions

* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".

Trader Author Portfolio Holdings

**As of the date and time of publication