Dan Deming's Morning Trade: Draftkings (DKNG)

Dan Deming looks at Draftkings is an interesting and dynamic company. There are many moving parts within this on-lne gambling area as it continues to unfold in state by state legalization. The trend is higher, and implied volatility is high, so Dan sets up a short term put spread sold for a net credit. He says valuation is still a bit stretched so this trade allows him to generate returns absent ownership of the stock.

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Dan Deming's Morning Trade: Draftkings (DKNG)

Dan Deming looks at Draftkings is an interesting and dynamic company. There are many moving parts within this on-lne gambling area as it continues to unfold in state by state legalization. The trend is higher, and implied volatility is high, so Dan sets up a short term put spread sold for a net credit. He says valuation is still a bit stretched so this trade allows him to generate returns absent ownership of the stock.

ON AIR
7:00 am
Market Overtime
replay

Get Market Minute

Daily insights for every investor

FOLLOW US