Building Premium With DraftKings Before Earnings

DKNG shows positive trends from recent news, with Zacks highlighting it as a stock to watch.

Here is the put write: SELL -1 DKNG 2 Jan 26 32.0 PUT Contract @0.96 LMT

If stock closes above 32 on expiration, keep the premium.

If stock closes below 32 on expiration, keep the premium and get assigned 100 shares at 32.

Trade stats show win rate of 100.0 from 5 trades, stock price at 34.48, IV at 50.26, delta at -0.28, theta at -0.04, and max return of 3.01 percent.

Read the full article for more on today's put writes.