Shared by
Cklamb
DKNG
Intraday Fundamentals
• Sports uncertainty, lull in betting and deep pull back from ATH
• Tight spread, Good ATR
• Market influenced on the downside
Technical Stats
ADV 23 m RVOL .83 ATR 3.34 Short 6.75% Inst Own 48.7%
Daily
Hourly
Intra
Trading Strategy
• Look long at 35 if this sells off again today
• PM range and corresponding vwap long or short
• There should be a longer term bounce here on this. Something that should run back into 42.50ish
Reading the Tape
I see things sometimes that are not there when I am working half and quarter point levels.
Trade Management
I took this as it was trading tight and the SMA was looking supportive. I got a nice pop and was trying to hold for a test of 36 but ended up taking a little mroe thatn 20 cents.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-30 11:11:16 | DKNG | buy | $35.589 | long |
| 2020-10-30 11:13:48 | DKNG | sell | $35.780 | 0 |
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