In summary: DraftKings is an American daily fantasy sports contest and sports betting provider. The company allows users to enter daily and weekly fantasy sports–related contests and win money based on individual player and team performances in five major American sports (MLB, the NHL, the NFL, the NBA and the PGA), Before you ask, "Are you kidding me?" take a look at this chart: This is a pattern recognition short-term trade that that falls under "Special Situations" for the PRO service: (1) There is an actual System Buy Signal above $37 at the close (Currently stock is at $35.50). See #2 and #3 below for an earlier entry if you don't want to wait for the System Signal to kick in; (2) Breakout of the counter-trend channel on a close above $35.00; (3) Stochastic Buy Signal above $35. Option: Aug $35C currently trading at about $5.20 Stop: Close below $30 cancels the trade. This is an unusual trade for the PRO Service, but the set-up is there and the company is thriving under the Covid lockdown.
