Quantchabot has detected a new Bull Call Spread trade opportunity for DRAFTKINGS INC. CLASS A COMMON STOCK (DKNG) for the 24-Jul-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
DKNG was recently trading at $29.68 and has an implied volatility of 58.28% for this period. Based on an analysis of the options available for DKNG expiring on 24-Jul-2026, there is a 34.18% likelihood that the underlying will close within the analyzed range of $29.82-$36.57 at expiration. In this scenario, the average linear return for the trade would be 11.61%.
Big 7.58% Change: After closing the last trading session at $27.59, DRAFTKINGS INC. CLASS A COMMON STOCK opened today at $28.02 and has reached a high of $29.75.
Trade approach: A movement as big as 7.58% is a significantly bullish indicator, so this trade is designed to be profitable if DKNG maintains its current direction and does not revert back to pricing on the bearish side of $29.68 on 24-Jul-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if DRAFTKINGS INC. CLASS A COMMON STOCK closes at or above $27.96 on 24-Jul-2026. Based on our risk-neutral analysis, there is a 62.39% 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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