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 $25.25 and has an implied volatility of 70.67% for this period. Based on an analysis of the options available for DKNG expiring on 6-Feb-2026, there is a 35.86% likelihood that the underlying will close within the analyzed range of $24.10-$25.25 at expiration. In this scenario, the average linear return for the trade would be 53.60%.
Big -7.31% Change: After closing the last trading session at $27.24, DRAFTKINGS INC. CLASS A COMMON STOCK opened today at $26.93 and has reached a low of $25.14.
Trade approach: A movement as big as -7.31% is a significantly 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 $25.25 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 $25.38 on 6-Feb-2026. Based on our risk-neutral analysis, there is a 54.56% 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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