By Dan Darrow
November 21, 2022
Intraday Update: DKNG
DKNG is an unexpected surprise this morning. A headline crossed a little while ago of DKNG being hacked and accounts being compromised, and the stock is responding with a sharp drop mid-morning. The stock is not quite at the 13.25 initial target yet, but it is close and the Dec30 $15 put has gained quickly, leading to a great opportunity to lock in some money on the trade. The plan will be to close the current put and roll down to a Dec30 $13 put. The next target will be <12.25.
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
