Sports are cancelled. Short-term downside potential is HIGH
Draft Kings mightbe a good growth stock down the road, but for the short term this stock will likely tank as the overall market declines.
This stock is trading higher during this bear-market-rally than it did at the market peak.
The market peak was before all professional sports were cancelled.
Buying puts offers high reward:risk
This stock is trading higher during this bear-market-rally than it did at the market peak.
The market peak was before all professional sports were cancelled.
Buying puts offers high reward:risk
Nota
Here's an article going into how DraftKings is overvalued relative to their competition. legalsportsreport.com/40381/draftkings-worth-6-billion-nasdaq/Dagangan aktif
Well this thing just keeps going up for no good reason. I opened up a straddle to hedge against continued irrational exuberance. Maybe I'll get really lucky and make money in both directions.Dagangan ditutup secara manual
My Straddle to hedge upside movement hit my upside limit order earlier today. Puts are likely to expire worthless, so this trade was a wash.
I'll look to open a new position soon.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.