Sports are cancelled. Short-term downside potential is HIGH

2020年5月1日

Draft Kings mightbe a good growth stock down the road, but for the short term this stock will likely tank as the overall market declines.

This stock is trading higher during this bear-market-rally than it did at the market peak.
The market peak was before all professional sports were cancelled.

Buying puts offers high reward:risk

2020年5月5日

註釋

Here's an article going into how DraftKings is overvalued relative to their competition. legalsportsreport.com/40381/draftkings-worth-6-billion-nasdaq/

2020年5月6日

交易進行

Well this thing just keeps going up for no good reason. I opened up a straddle to hedge against continued irrational exuberance. Maybe I'll get really lucky and make money in both directions.

2020年5月15日

手動結束交易

My Straddle to hedge upside movement hit my upside limit order earlier today.
Puts are likely to expire worthless, so this trade was a wash.
I'll look to open a new position soon.