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 worked this off .50 thinking that this may have put in a LoD just above a longer term level that I have. I was looking to hold again for a full 30 cents but this failed at 35.90 and could never breached 35.87 again.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-30 11:48:55 | DKNG | buy | $35.568 | long |
| 2020-10-30 12:11:15 | DKNG | sell | $35.810 | 0 |
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