Financial giants have made a conspicuous bearish move on DraftKings. Our analysis of options history for DraftKings (NASDAQ:DKNG) revealed 18 unusual trades.

Delving into the details, we found 38% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $721,175, and 9 were calls, valued at $563,353.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $30.0 to $40.0 for DraftKings during the past quarter.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for DraftKings options trades today is 4855.0 with a total volume of 19,895.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for DraftKings's big money trades within a strike price range of $30.0 to $40.0 over the last 30 days.

DraftKings Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

About DraftKings

In light of the recent options history for DraftKings, it's now appropriate to focus on the company itself. We aim to explore its current performance.

DraftKings's Current Market Status

• With a trading volume of 11,669,076, the price of DKNG is down by -3.64%, reaching $31.76.
• Current RSI values indicate that the stock is may be approaching oversold.
• Next earnings report is scheduled for 9 days from now.

What Analysts Are Saying About DraftKings

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $48.0.

Turn $1000 into $1270 in just 20 days?

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest DraftKings options trades with real-time alerts from Benzinga Pro.