By Dan Darrow
October 02, 2022
Intraday Update: DKNG
After multiple bounces off the 100day sma over the past two weeks, DKNG is starting to lose the key moving average this morning, and the stock is susceptible to a bigger breakdown. The Nov18 $20 - $25 call spread roll up had a tight stop at this level, so the remainder of the trade needs to be closed early before a bigger move lower can develop.
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
