Quantchabot has detected a new Bear Call Spread trade opportunity for DRAFTKINGS INC. CLASS A COMMON STOCK (DKNG) for the 6-Feb-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
DKNG was recently trading at $25.82 and has an implied volatility of 59.41% for this period. Based on an analysis of the options available for DKNG expiring on 6-Feb-2026, there is a 34.88% likelihood that the underlying will close within the analyzed range of $24.36-$25.83 at expiration. In this scenario, the average linear return for the trade would be 51.46%.
52 week low: DRAFTKINGS INC. CLASS A COMMON STOCK recently reached a new 52-week low at $25.81. DKNG had traded in the range $26.23-$53.61 over the past year.
Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if DKNG maintains its current direction and does not revert back to pricing on the bullish side of $25.82 on 6-Feb-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bearish strategy, the trade would be profitable if DRAFTKINGS INC. CLASS A COMMON STOCK closes at or below $25.87 on 6-Feb-2026. Based on our risk-neutral analysis, there is a 50.97% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
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