Reddit Posts
DKNG is the last true digital/internet migration
Investors in $DKNG #NFTs are Uniting to Fight Losses🥊
Like the my last post last week, I gave a serious WARNING to stop playing squeeze with garbage stocks when we are trending red in the short term. My pick $DKNG went up 15% on a heavy red day Friday
Hot Stocks: DKNG surges on earnings; CGNX, XP plunge; KNSL reaches 52-week high
DraftKings gains 9% as analysts rave over earnings (NASDAQ:DKNG)
What a time to be in DKNG, I don’t know anything about football but I was at home lighting up a Super Bowl. 🍃 Thank god for all of my gambling addicts out there 💯🚀
News Catalyst Round-Up: $DCFC $JSPR $EOSE $EBET $SBET
Prediction 2/17/22: DKNG, NEXI & ALDX
Friends be WARNED.. the overall market looks dangerously close to falling off a cliff, might not be a good time to take high risk plays. My only ‘squeeze’ play of the day is $DKNG. There was alot of puts on them to shit earnings but they beat. Legit reason to squeeze.
Super Bowl LVII: Americans Could Be Replacing Investing With Sports Betting | Investing.com
ETFs to Watch: Inflation and earnings from the likes of KO, BIIB and DKNG
Super Bowl LVII: Bettors and marketers are ready for the big game (NASDAQ:DKNG)
2023-01-23 Wrinkle-brain Plays (Mathematically derived options plays) DD
2023-01-16 Wrinkle-brain Plays (Mathematically derived options plays)
2023-01-16 Wrinkle-brain Plays (Mathematically derived options plays) DD
I suck at sports bets too, just lost $4k on the Giants…thank you $DKNG I hope everyone shorts you
If We Haven't Bottomed, Why Have Growth and Tech Stocks Already Started To Do So Well Lately?
Puts on DraftKings: News of hack hitting the press in last half hour
$DKNG - DraftKings Slated to Launch Online Sportsbook in Maryland on November 23
Any interesting ideas for making money on stock you sold calls against?
2022-11-14 Wrinkle-brain Plays (Mathematically derived options plays)
w DraftKings DKNG Stock Bet - Up 200% on Call Option Trade...
Next weeks early weeks earnings….puts all around
22K FD Yolo, Earnings Play | TWLO 55.00 P | DKNG 17.00 C
11K FD YOLO, DKNG Earnings Play 17.00 C 11/4
DraftKings (DKNG) Buy/Sell/Hold
I invested all of my GameStop earnings into high growth. They’ve been decimated over the last 18 months. What now?
$PSFE To Benefit From This Negative $PYPL News?
Skillz Inc. (SKLZ) is down -97% and it's still not cheap
Amazon Selects DraftKings as a Sponsor and the Exclusive Pregame and In-Game Odds Provider for Thursday Night Football on Prime Video
Expect DIS <=> DKNG rumors to start heating up again.
Football is back, may be time to consider DKNG
Football is back, may be time to consider DKNG
The play of a lifetime (DKNG Puts expiring this week)
What are y’all Prediction on DraftKing I got some calls for For next month
$DKNG - Jason Robins, Twitter Burners, And A New School In Pakistan
Potential Fubo/Disney sportsbook partnership - Let's connect some dots
Anyone have thoughts on DKNG?
My long call on BBY that 500% over a weekend. Had to make back what I lost being a bear on DKNG 🌈🐻
My watchlist Monday Aug 8th, 2022
DraftKings Gains as Sales Beat Expectations, Forecast Raised - $DKNG
Why have smaller tech growth stocks been skyrocketing lately? Are these signs we've bottomed?
DKNG question, bought and was down 2k, bought more up 2k should I wait, sell or buy more???
All in DKNG 12.5p, and they printed.
It's not that bad. I may be down 35% YTD on a $700K portfolio, but...
DraftKings Lands New Bull as Profitability Nears. This Analyst Also Likes Penn. -- Barrons.com - $DKNG
Profitability the aim as DraftKings reaches ‘best position’ in US sports betting - $DKNG
$DKNG - DraftKings’ Advance Likely Tied to Short Covering: Jefferies
$DKNG: DraftKings call volume above normal and directionally bullish
TASK, SOFI, UPST, OC, AMC, VSCO, DKNG ? These are just the Medium Caps. RDBX and others are in the small caps today. 📈 ChatterQuant searched over 800k comments and 500m tweets on Reddit and Twitter to bring you the sentiment data for 6/2. Here is what people are talking about today.
Citadel reports a short position on $DKNG
$DKNG has a falling wedge. Long term bull but it hit resistance. The last time it was in this position was in march 2nd with a 4.70$ drop. RMACD and Stoch show bearish sentiment with a VC bear close on the MACD. If this follows then it’ll be at 9$ in 6 days making my play valid.
DraftKings CFO Expects Smaller Ops To ‘Continue To Throw In The Towel’ - DKNG
DraftKings attracts analyst love after recent sell-off - DKNG
DraftKings Climbs; Morgan Stanley ‘Encouraged’ After Meetings - $DKNG
Americans have bet $125 billion on sports in the past four years as more states have legalized it
DraftKings' Risk Profile Is 'Highly Favorable.' That's Why It's a Buy, Analyst Says. -- Barrons.com - $dkng
DraftKings Revenue Up 34% as Gambling Unfazed by Inflation -- WSJ - DKNG
DraftKings Stock Surges on Improved Guidance, Says Inflation Not Denting Demand -- Barrons.com - DKNG
DraftKings Stock Surges on Improved Guidance, Says Inflation Not Denting Demand -- Barrons.com - DKNG
Mentions
It's amazing you think you needed to explain how casinos work on WSB. This is not a new model, PokerStars had it back in 2005 - online. DKNG is in a highly competitive field with a negative EPS. Meaning they spend more than they make. They have had YEARS to improve and have barely made any ground. Now debt is more expensive and their moat is moot. Plenty of better funded competitors. They are going nowhere. OP is either a shill, desperate bag holder, or both.
You make good points. I’ve thought of them too. But when you boil it down, the stock is a screaming buy (in my opinion). I’ve moved all funds into DKNG shares. And I’m not selling for less than $100.
The well doesn’t run dry for a very long time because the gambler will inevitably win some, and overemphasize the joy of those wins. DKNG doesn’t care if they win or lose, because they make the juice anyways. Regarding the other platforms: FanDuel is the most powerful competitor. However, they are not a pure play. They’re a British subsidiary and the parent company is heavily involved in retail locations. That is junky and not the future. They are also mired in ownership controversy with Fox and others. All other platforms are subpar, have worse tech, and way way less market share. This will eventually force them to offer worse odds or bail from the industry. Bally Bet and Wynn Bet are in the failing camp. Caesar’s and MGM have horrible apps and have massive investments (and debt) tied to the countless properties they operate. PENN makes virtually nothing via Barstool, and all real profits come from regional casinos they operate. Thus, DKNG is the only American pure play available. And has the best brand recognition.
But even better haha. It trades at a paltry sales multiple and has an ~$8B market cap. DKNG to $100B is totally feasible with time
DKNG actually just partnered with Churchill Downs on the launch of DK Horse. Definitely do your own research and holla back. You make a great point - every day a new kid turns legal and can download the app. They’ll gravitate to a name they know. The brand value is important and is the most recognized in America.
Love it bro. Me too - I’d buy other stocks, but I don’t like any as much as DKNG. The market dumped all spec stocks in a basket. DKNG was tossed out with the bath water. With time the market will recognize its true value. And I’ll be here holding a fuck load of shares.
Come to the dark side bro. Ever see Soprano’s? Huge piece of Tony’s income was from sports betting. Here we have an opportunity to be in that exact business… but millions of people can be customers. And it’s 100% legal. Idk about you, but I would’ve been a buyer of alcohol companies post Prohibition. The behavior is being totally normalized. And DKNG is (in my humble opinion) the best positioned of all players as a digital pure play with great brand recognition.
That’s one guy in one state over one short time period. The magnitude can’t be overstated. Also - DKNG doesn’t care if you win or lose. As long as there’s action opposite every bet, they pocket the juice/Vig. There’s a winner and a loser no matter what - DKNG pockets the juice. Example: Bettor 1 lays 110 to win 100 Bettor 2 lays 110 to win 100 One of them wins… they get their 110 back + the 100 they won. Other guy is out of their 110. DKNG makes 4.5%. And that doesn’t account for augmented hold. On parlays this math is magnified. And DKNG can move lines opportunistically to increase hold. It’s the mafia lol. But legal.
She and her goons at ARK don’t totally get it. And I think it’s because of their Christian identity. Gambling is witchcraft and unholy. You have to understand the mind of the degenerate to really forecast the future of it. I’m not convinced Cathie is a real believer… of DKNG
Oh… and DKNG is constantly compared to brick and mortar casinos like PENN, CZR, and MGM. Which would be like comparing Tesla to Ford or GM, but worse. DraftKings doesn’t have to maintain gaudy properties with hundreds of employees with cigarette ash trays all over the place… they bring the casino to the palm of your fucking hands. Place a sports bet. Play some Blackjack. Rip some slots while you’re hungover on Sunday morning. It’s limitless.
It totally is. But the time horizon is what makes it even more special for DKNG. Deposit $100, bet on a game, and in less than 3 hours in many cases you win or lose. Gamblers are dopamine crack heads… no one wants to wait days/weeks/months for the results. DKNG allows degens to bet on whether the next pitch in baseball will be a ball or strike….. the possibilities are endless. Any discrete outcome event can be wagered on, instantly
Hahaha. DKNG will be dicking down the bears Donkey Kong style over the next 5 years. It’s pretty exciting. I’m surprised retail hasn’t paid more attention to the stock, although I don’t think people really understand it or the potential. I lived in PA when it first arrived and know 10+ people that torched $5k in about 6 months. The profits at maturity will be outrageous because they have none of the costs of a traditional casino.
Please rephrase “BUDDY MUST HAVE A MASSIVE DKNG”
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|1|**First Seen In WSB**|4 days ago **Total Comments**|38|**Previous Best DD**| **Account Age**|4 days|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) >TL;DR: Buy DKNG
A lot of degens were on the DKNG boost of Brown over 25 points. The rate that game is going he will be on the bench before that happens.
What are you talking about with > Then every ER becomes a joke of "we're losing so much per customer maybe it's a good thing we didn't add more" The companies marketing spend is going down. Average revenue per user is going up. DKNG makes up a small portion of my portfolio. I been buying CP, VICI, PLD, TMUS, and AXP more. But those stocks dont spark conversation like DKNG does on this sub unfortunately.
Yea. I have been buying DKNG since it was $12. And will keep loading the boat as long as it is under $18. People say it is burning cash and competition will come for them. Nothing can be said to change someone bearish mind so I just buy more instead of arguing. Since it takes earnings reports or news articles to change sentiment. And by the time sentiment change stock will be up 50-100% by then.
Well lads just bought more and went 50% of my portfolio into DKNG 19C 3/31…Steady Lads, Easy Lads, Pray Lads
Lots of calls at 19 and 19.50. MMs love killing options on DKNG. They have a near perfect record of closing the week within 30 cents of max pain for a while now. It was 18 heading inot yesterday but a lot of higher strike calls were opened a fair bit of puts. Might still see sub 18.50 get tagged at some point between today or tomorrow.
Will DKNG finish >19.00 today?
You're currently holding some great positions in BABA and DKNG. I think you will make a lot of money from these companies in the future. Keep up the good work!
Current Positions: BABA 100C 03/31, BABA 111 C 03/31, DKNG 19C 03/31, DKNG 20C 03/31….make me money you Regards
Hat tip to u/wastew for the [spot-on call of a DKNG rally](https://www.reddit.com/r/wallstreetbetsOGs/comments/1253uwc/what_are_your_moves_tomorrow_march_29_2023/je36p73/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) before today’s rip Hope you continue to properly feed your precogs floating in their tanks
Gambling is recession resistant, so not exactly a leading indicator. In 2008 regional casinos were absolutely jam packed. This is more ammo for a bullish thesis on DKNG than any kind of macro canary.
So any thoughts on DKNG? Do you think all the upsets that took place in the NCAA basketball tournament will benefit them? As a top 3 market share company in the sector.
>DRAFTKINGS LAUNCHES DK HORSE APP $DKNG $CHDN ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-03-29 ^07:30:35 ^EDT-0400
5,610 shares of Dkng in a brokerage account. I bought them because I believe in the future of online gambling in America, that it is currently in its infancy, and that DKNG specifically stands to benefit most. It has been unjustly thrown out with the bath water in the growth dump that began in November of 2021
Got lucky(ish)? on GME. Saw the high short positions and was up nicely, but gambled holding into earnings. ATVI was easy as I was super confident the anti-trust issues will be dropped. Gov’s argument has no legs to stand on. Microsoft buyout likely at $95/share so still some easy money to be made on ATVI. BABA had heavy bullish flow the past 2 weeks and the chart was begging for a breakout. Nice triple bottom. The news on splitting the company was icing on the cake. As for DKNG. Chart is primed for a breakout. It’s on the IBD50 list and RSI is high. Bull flag tightening and way oversold on the daily
Nicely done. Those 3 were all catalyst-driven: turning profitable, antitrust update, breakup into baby Bells. What is DKNG catalyst? It’s probably not profitable till next year. FanDuel competitor exists. CEO is waxing lyrical on Twitter lately, but anything else on radar?
Been on my shit this past week. Caught GME, ATVI and BABA all one day before they broke out. Up >40% in the Roth ira just on shares. Next move? DKNG [IMG-3394.jpg](https://postimg.cc/B8dBk82j)
Got $269 after closing my DKNG put spread. Nice. Just need to figure out where to put it now.
Is Hindenburg the outfit that said DKNG is owned by the Albanian mafia or something?
Watching DKNG sink like a stone. Will probably keep unwinding itself until may. Sell some puts along the way 17, 16, 15.
DKNG现在看来有可能再次下跌，所以如果你买了这支股票，我的朋友，我建议你注意风险。
Glad I bought DKNG yesterday. I saw [this go viral](https://twitter.com/VSiNLive/status/1637672576062459906) yet the stock tanked yesterday.
I miss the good old days of everyone buying cruise lines, DKNG and SPCE
Fuck man I switched from DKNG puts to calls last Thursday/Friday and of course it's just chilling and not budging even with SPY rallying and QQQ coming back. Max pain is 18 but damn they're just setting it to call-killing mode Monday morning and not even letting it run to bait more calls.
#Ban Bet Lost /u/No_Chemical_7295 made a bet that DKNG would go to 22.0 within **2 weeks** when it was 18.745 and it did not, so they were banned for a week. Their record is now 0 wins and 1 losses
Alright, new goal. No more new tickers until I'm green on every one for the year. Here's where we're at so far. SPX: $395 COIN: $194 DKNG: $111 TSLA: $98 NET: $60 CRM: ($85) NFLX: ($132) VIX: ($170) SPY: ($225) GOOG: ($326)
Had to bail on my DKNG calls this is too nuts lmao. Easy 8k I guess.
#Ban Bet Lost /u/DifficultyFuzzy5090 made a bet that DKNG would go to 15.7896 within **2 weeks** when it was 18.576 and it did not, so they were banned for a week. Their record is now 1 wins and 6 losses
It is certainly true that DKNG has been involved in some shady stockbrokering activities as of late. However, I believe that they are still capable of providing valuable services to their clients.
DKNG might as well get into brokering stocks it’s no different at this point
Well my frustration with DKNG not tanking hard the past week will come to a head if global bank risks/failures aren't enough to bring it down. The corollary of that is DKNG may have found a new very solid bottom in the 17-18 range. Very good outlook -- scaling back marketing and costs that have really dragged down the bottom line. Marketshare of sportsbooks is Fanduel > DKNG (closing the gap) >>>>>>>>>>>>> The rest. Options Max Pain this week is 17.50 and MMs love controlling the price +/- 30 cents from the mark. But after this week I think this can start moving back up. Don't miss out -- I think 30/40c leaps should be on the radar. 20/25c for June look appetizing too.
You already have a bet going - DKNG to 15.7896 before 15-Mar-2023 11:26 AM -05
COIN puts, DKNG puts, Amazon puts and Apple puts all going to print for me today
You already have a bet going - DKNG to 15.7896 before 15-Mar-2023 11:26 AM -05
Instead of losing $100 tomorrow I placed my first parlay on DKNG. Trying to get a head start
Or BYND and DKNG holding up today. BYND is hanging by a thread to the bull trend, DKNG is wedged tight. Didn’t like the put prices EOD.
SPY dumps $5 DKNG: I sleep SPY goes up a quarter DKNG: LETS GO
Looks like TSLA, CVS, and DKNG are the stocks getting love today. CVS calls? Maybe the market dumping will funnel money into boomer dividend stocks.
Let's get back to reality DKNG. SPY's been cycling within 1.50 since the opening dump and you're up 80 cents from the low? Whatever.
And DKNG is safe haven stock yet again. It's still like 2 bucks higher than where it should be with how this week has gone.
Finally DKNG taking another leg down but still plenty more to go. Think sub 17 next week is in the cards.
Thinking abt going more SPY and DKNG Puts 3/17
You already have a bet going - DKNG to 15.7896 before 15-Mar-2023 11:26 AM -05
In the time SPY fell that last 3 bucks, DKNG went up 20 cents. How the fuck is it so resilient. Die bitch die.
Come on DKNG you deserve to drop another dollar. Quit playing lmao.
Finally DKNG is capitulating. Lot of room to run south still. Though I'm still lamenting not going full port into CVS 3/17 85p last monday. Was like 22k to invest and I stared at the order screen and couldn't pull the trigger. Would've been a 5x+.
Come on DKNG, to catch up on the action of the week I'll need to see another $1.00 off. Just one of those typical over-capitulations and then you can recover after.
day 3 of telling you to buy long dated DKNG calls
I still just can't believe my DKNG put position is getting blown up a week that SPY is down 10 dollars. I wasn't even shooting for the moon just a modest gain and get out. Expires next week so still time but this is just stupid. How it never even had heavy sell offs into mid-high 18s *at all* before recovering is like the first time ever for the ticker when SPY sells off.
When Spy dumps are people just going to buy DKNG or something? Just like yesterday going inverse SPY. What the fuck lmao. Oh, and when SPY ticks up a bit DKNG pumps 10 cents. SPY is down like $10 from Monday and somehow DKNG is still up. Infinite buys at 19 I guess.
Let’s see if DKNG 18.5P 3/10 will bring me some
Very nice I almost got in on DKNG but I sat out unfortunately lol
Lately for sure… I got into DKNG weeklies though back before earnings and they have been killing it haha and I lucked up and got some 4/6 kr calls back before earnings and still holding those bc killing… only reason I did that was because I noticed Buffett dumping a lot of his other stocks, except he didn’t dump that before earnings… so I took a plane from his playbook on that one lol
SE is up 23% and DKNG is up 1.8%. I didnt even notice the indexes were red.
Spy dumps $5. Literally any other day in the history of DKNG, DKNG would tank like $1.50. Instead it went up, and now that SPY is recovering DKNG decides to be heavily correlated again. What the fuck lmao. I've played DKNG up and down for a long time and made lots of money, and that's the first time I've ever seen anything like that. I figured Puts before today was the easiest 50% ever in my DKNG plays. Guess you run into anomalies sometimes.
DKNG is a safe haven in a volatile market apparently.
DKNG really holding up now. Just never going to dump. I think the dump to sub-18 the next week is going to happen but I'm surprised it's actually pumping the face of SPY giving up $4 in an instant.
Anyone looking at MPW? I been buying in the $9.95-10.50 range. It has the most hatred I have seen in any stock in social media. And I hold PLTR and DKNG lol.
You already have a bet going - DKNG to 15.7896 before 15-Mar-2023 11:26 AM -05
We've seen a lot of support/resilience in DKNG even through SPY dumps. Far more than we've seen in the past. I think banking on a post-ER fade back to mid-low teens is a bit ambitious. I do hope you get yours because it means I definitely am getting mine. I think tagging 17.50 some time next week is in the cards but 17p might get theta burned by then. GL to us though.
You already have a bet going - DKNG to 15.7896 before 15-Mar-2023 11:26 AM -05
!banbet DKNG -10% 7d
>$DKNG: Argus Upgrades to Buy from Hold - PT $22 ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-03-07 ^07:16:16 ^EST-0500
It's pretty nuts that DKNG inversed SPY starting at 1pm. Getting smoked on puts.
DKNG and YINN calls still not letting me down… thinking BOIL puts bc why not…
