DraftKings (DKNG) is up 10% this morning after the company reported an earnings surprise and raised its sales forecast. Let’s book fast profits on our put.
Current Stock Price: $32.99
Cash in Hand: $0.24
Action: Buy to close the DKNG 18 Aug 24 Put
Recommended Limit: Set your initial limit order at $0.03, but adjust as needed to close today
Profit: $0.21, or $21 per contract
Rate of Return: 0.9% in two days