Our Hot Money scanner spotted a new bearish alert in DraftKings Inc. (DKNG).
Here's what I'm doing…
Buy-to-open the DKNG Feb. 4, 2022, $18/15 put
At last glance, this is trading around $0.50 per spread
That means with a max profit opportunity of $2.50 per spread if we sink to $15 per share in the coming days.
As always, I'm averaging into this position and managing risk before entry.
I’ll keep you updated every step of the way.