52 Week High
52 Week Low
7 Days Mentions
All of those are reasonable, although the life changing gains ones are probably not going to change your life. (Unless youre putting a shitload of money in it). Still, I expect PLTR and DKNG to recover quite strongly eventually.
I made 8.21% today. I sold my UVXY puts at 10 and bought a DKNG put. I bought SPY puts at 10:30 for $2.59, sold at 3:02 for $4.31. Those were the winners. I left a lot on the table though I netted $877 bucks today. I don't usually play it that well. I had $27k on December 7th, sitting on $11,557 right now. It's been a rough stretch. I'm just trying to get my money back
This stock has been losing money for the whole year. That's not going to suddenly change. Especially when every single stock on the market has been getting best to shit. DKNG will continue sliding until the market finds its footing. Even then, it'll probably continue dropping as it has done for the last 12 months. It's being pumped by analysts who are on the hedgies payroll because they know retail will buy the shit. Then they can continue shorting it & taking your money.
There already becoming profitable, you can't judge promos in this space without understanding the long term value of a customer and the fact that DKNG is seeing over 80% retention in their customers. Earnings is on Feb 18th, they will explain it better or you can listen to their last earnings.
Thanks. I'm not in tendie town just yet. The puts are still eating away at the calls that I bought as a hedge. The big winner so far today has been my DKNG puts. They pumped it this morning & I figured that wouldn't last. Too good to pass up. I'll be swinging all of them until Friday. We'll see how it goes.
Because they have inside info stocks went up. Retail traders said, "Someone must know something, buy buy buy!" Institutional traders laughed as GME and DKNG and everything else went up. People who started trading in April 2020 said, "I'm a genius and the market will be bullish forever, the Fed has my back!" They piled into the pump. Then Powell will pop the bubble.
It is good that the public gambling data was finally put together by an analyst to pump DKNG. Its been out there DKNG was either leading or in top 3 of every single state in terms of market share. But just ignored for last 2 months until Morgan Stanley put it together in their upgrade.
Makes sense when they are one of the only companies that prints money.. This market is fucked my friend - shit stocks like DKNG who lose billions every year are up 15% while good companies that print money like AMZN and MSFT are lucky to be green.