High-rolling investors have positioned themselves bullish on DraftKings (NASDAQ:DKNG), and it's important for retail traders to take note. This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in DKNG often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 28 options trades for DraftKings. This is not a typical pattern.
The sentiment among these major traders is split, with 60% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $57,200, and 27 calls...
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