DKNG Trade on Sep 7, 2021 15:39 from Marius: Tradervue User Stock Trades.

Markets opened into the week with a few more corporate earnings. Lighter economic calendar. ECB announced a start of bond tapering. FED will be meeting in 2 weeks but mixed to lower anticipated jobs data continuing to being released. Inflation data shows a deceleration from the prior months. EOW notable selling momentum and into quad expiry week. Markets will be entering Q4 after that. Corporate earnings are still showing more positive earnings guidance and industrial/material inventory still strained.

Fundamentals In Play Analysis

DraftKings Inc. was seeing industry relative strength opening into the week with NFL season start. Other casino operators and similar companies were seeing a shorter-term momentum bid in the market confirming the relative strength.

Quantitative Analysis

Intraday Fundamentals

RVOL 1.33
AVOL 12.68M
ATR 2.21
Beta -
VIX 18.14
Volatility 3.27 3.96
Short Float 8.59%
Shs Float 372.16M
Inst Own 60.90%
Market Cap 25.66B

Options Statistics + Tape Reading + Order Flow + Dark Pool Levels + Flow Sentiment

SI 1.977
IV 53.31%
IVP 4%
P/C 0.158
VWAP 63.086

Options Positioning

OI 643 284
VOL 376 43
Delta -.04 -.01
Theta -.06 -.02
Vega .00 .00
Gamma .01 .00
Prob T 8.35% 2.56%
Prob ITM 4.25% 1.30%
MMM +/- 2.89
IV Series 55.69%

Technical Analysis

Trade Setup/Execution Grade + Risk (risk:premium) + Positioning + Size/Allocation Management & Review

(B) setup / (A) execution. 1/2RP, conservative positioning, ~9% allocation. More conservative positioning opening into the week but noticed the industry relative strength and narrative. I did look at the other similar companies and thought about a basket trade. I chose to use a single stock due to shorter-term momentum and the other companies were still trading with heavier supply and resistance levels.