DKNG Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Bullish sentiment stems from DKNG's continuing entry into new markets, which historically enhances stock performance amidst rising engagement, evidenced by high implied volatility projections.




Bearish Case: Bearish outlook arises from intensified competition from ESPN Bet, which threatens market share, alongside potential regulatory challenges that could depress stock performance significantly.




Potential Outcomes:

1. 60%: Continued market expansion drives price increase, fostering profitability.

2. 30%: Revenue stagnation due to competitor pressure.

3. 10%: Regulatory issues or legal challenges causing price drops. Historical trends show that expansion generally correlates with favorable returns.




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October 20, 2024


DraftKings Forecast

DKNG        DraftKings











Correlated Assets

Assets that tend to move strongly with DKNG



DIS Forecast + Options Trading Strategies   DIS  Walt Disney (0.84)


PCAR Forecast + Options Trading Strategies   PCAR  Paccar (0.73)


TM Forecast + Options Trading Strategies   TM  Toyota Motor (0.69)


HUBS Forecast + Options Trading Strategies   HUBS  HubSpot (0.67)


ABNB Forecast + Options Trading Strategies   ABNB  Airbnb (0.66)



Uncorrelated Assets

Assets with little price relationship to DKNG



XLY Forecast + Options Trading Strategies   XLY  Active Trust - Consumer Discretionary Select Sector SPDR (0.0)


FUTU Forecast + Options Trading Strategies   FUTU  Futu (-0.0)


EDC Forecast + Options Trading Strategies   EDC  Direxion Daily Emerging Markets Bull 3X Sh (-0.0)


VRSN Forecast + Options Trading Strategies   VRSN  Verisign (0.0)


KMX Forecast + Options Trading Strategies   KMX  Carmax (0.0)



Anticorrelated Assets

Assets that tend to move strongly against DKNG



EXTR Forecast + Options Trading Strategies   EXTR  Extreme Networks (-0.59)


CHRW Forecast + Options Trading Strategies   CHRW  C.H. Robinson Worldwide (-0.6)


BCRX Forecast + Options Trading Strategies   BCRX  Biocryst Pharmaceuticals (-0.61)


CHTR Forecast + Options Trading Strategies   CHTR  Charter Communications (-0.61)


AMT Forecast + Options Trading Strategies   AMT  American Tower (-0.64)









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