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Started By
Message
re: How high will Draft Kings stock go? Still a buy at $63?
Posted on 10/9/20 at 10:49 am to go ta hell ole miss
Posted on 10/9/20 at 10:49 am to go ta hell ole miss
Who knows. My buy order is sitting at 45 personally. Not sure I’ll get it but I’m willing to wait.
0
Posted on 10/9/20 at 11:30 am to cgrand
quote:
me either I just dumped mine at break even I put a buy order in at 42
Looking to trade off the 42 price or in it for awhile?
BTW: I’ve got much respect for your technical work. I appreciate reading posts that are data driven and not gut feel.
Posted on 10/9/20 at 11:34 am to Jag_Warrior
I want to be long on DKNG I really like it.
virus volatility plus some management issues make it sketchy right now to me.
I might trade it for a while until the NFL playoffs start
virus volatility plus some management issues make it sketchy right now to me.
I might trade it for a while until the NFL playoffs start
Posted on 10/9/20 at 12:07 pm to cgrand
The more I’ve looked into the company’s fundamentals (PE aside), the more I can see it as a longer term hold - especially considering their prospects as we (eventually) return to normalcy.
Posted on 10/9/20 at 12:12 pm to Jag_Warrior
agreed
I’m still learning how to make money in both directions so I’ve chosen DKNG to practice with. I’ve held it twice thru a run up and had to bail before a loss both times.
up and down for a while is likely so it should be a good one to test some strategies on
I’m still learning how to make money in both directions so I’ve chosen DKNG to practice with. I’ve held it twice thru a run up and had to bail before a loss both times.
up and down for a while is likely so it should be a good one to test some strategies on
Posted on 10/9/20 at 2:59 pm to cgrand
Personally, I like it right here.
It bounced and held right around that $47-48 base, which also happens to be the 50% fib retracement from it's big run-up in early Sept.
If it breaks down further we'll probably see $44 quickly, but I still like it here.
It bounced and held right around that $47-48 base, which also happens to be the 50% fib retracement from it's big run-up in early Sept.
If it breaks down further we'll probably see $44 quickly, but I still like it here.
Posted on 10/9/20 at 8:51 pm to cgrand
Like Jag said, I think this is a great name to sell puts on
Posted on 10/9/20 at 9:01 pm to Jag_Warrior
DKNG and PENN are both best in class names. I’ve started to go short puts on a weekly basis. Don’t mind having either put to me. I would say both are great long term holds
Posted on 10/9/20 at 9:35 pm to thatguy777
Delta 30s or what?
Posted on 10/9/20 at 9:42 pm to PillPusher
I look at that but honestly more focused on the trend and moving averages 8,13,21,34,55 and so on.
Posted on 10/10/20 at 2:06 pm to thatguy777
When selling puts on stocks you wouldn’t mind owning (at least short to mid term), combining technicals with the deltas is a good way to go.
Posted on 10/10/20 at 5:59 pm to Jag_Warrior
So I’ve really only done calls and covered calls on stocks I already own. Never sold a put. Fairly new to options you’d say. I under stand what selling a put means and all that. When you sell a put on a stock you’d like to own are you doing it with a 50/50 kind of outlook on owning the stock? I guess I mean how do you balance the premium you want to receive and the expiry with where you’d realistically like to own the stock? Are you looking at a level of support and selling a put slightly above that? Or below that? Or what?
Posted on 10/10/20 at 7:48 pm to PillPusher
Usually go a bit lower than level of support. But it all depends on the timeframe of the option and make sure to match that with a chart that coincides. So if you’re selling a put months out look at daily and weekly even. Shorter timeframe look at 4 hr and under. Personally I don’t trade by selling puts. More of a stock I don’t mind owning and collecting premium on the way. I more trade with defined risk directional moves.
You have to determine your risk tolerance. If you love the stock then maybe go closer strike to current pps. That is a decision you have to make. Personally when I sell puts I am prepared for them to get put to me
Jag is the expert here on selling options. He seems to have it down pretty good. I’m a net buyer
You have to determine your risk tolerance. If you love the stock then maybe go closer strike to current pps. That is a decision you have to make. Personally when I sell puts I am prepared for them to get put to me
Jag is the expert here on selling options. He seems to have it down pretty good. I’m a net buyer
This post was edited on 10/10/20 at 8:31 pm
Posted on 10/11/20 at 9:06 am to thatguy777
quote:
Usually go a bit lower than level of support.
Same here. And again, it depends on whether I’m content to own it. Owning stocks chews up a lot of capital or margin. So I try to restrict stock based activities to my investment, not trading account. But whenever you sell naked puts, there’s always some chance that you’ll have to take the stock on. So unless I really want the stock at a specific price, most naked puts never exceed 20 delta.
Posted on 10/15/20 at 2:46 pm to thatguy777
quote:
More of a stock I don’t mind owning and collecting premium on the way.
By the look of the price action on DKNG today (all week, really), this seems to describe me pretty well... unless something positive happens by tomorrow at 4:00PM.
I'm good with it though. Don't want to see a 30 handle any time soon. But otherwise, it's all good.
Posted on 10/15/20 at 4:25 pm to Jag_Warrior
Sitting on support here in the 44.50-45 area. 50 day moving avg. and a previous high/low plus fib support. Probably a good place to enter or add if you are a believer in this stock. I added a few shares at 44.95 today.
Posted on 10/15/20 at 4:31 pm to Jag_Warrior
Look out for Oct. 20th. Lock-up expiration. One institutional investor estimates the total at about 95 million shares.
LINK
LINK
This post was edited on 10/15/20 at 4:36 pm
Posted on 10/15/20 at 7:36 pm to cgrand
DKNG is on its 50-day SMA at $45. It could bounce from this support point.
ETA: Just saw Buzz Saw’s post. I concur!
ETA: Just saw Buzz Saw’s post. I concur!
This post was edited on 10/15/20 at 7:38 pm
Posted on 10/17/20 at 8:59 am to TDFreak
I do think its concerning the stock didn't move at all given the all time high gambling $ numbers that came out of NJ/PA for September.
I think PENN has set itself up as the clear front runner but DKNG does have an advantage in that it'n not associated with Barstool. I just don't see sports leagues/teams aligning themselves with Barstool given all of the issues surrounding the company.
I think PENN has set itself up as the clear front runner but DKNG does have an advantage in that it'n not associated with Barstool. I just don't see sports leagues/teams aligning themselves with Barstool given all of the issues surrounding the company.
Posted on 10/17/20 at 9:41 am to hiltacular
It probably doesn't help that ratings for the NFL and NBA are down so much.
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