August 02, 2022

Intraday Update: DKNG

DKNG is having a strong session today, with a move through the key 100day sma and 15 level a notable early development. The Nov18 $15 - $20 call spread roll up is now into the money, and this is a nice opportunity to lock in some more gains on the trade as earnings are due out later this week. The plan will be to close the current spread and roll up to a lower debit Nov18 $17.50 -$22.50 call spread that will be held into the report.

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