Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for DRAFTKINGS INC. CLASS A COMMON STOCK (DKNG) for the 18-Feb-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DKNG was recently trading at $30.42 and has an implied volatility of 75.51% for this period. Based on an analysis of the options available for DKNG expiring on 18-Feb-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $30.43-$42.77 at expiration. In this scenario, the average linear return for the trade would be 101.85%. Big 7.23% Change: After closing the last trading session at $28.37, DRAFTKINGS INC. CLASS A COMMON STOCK opened today at $28.16 and has reached a high of $30.82. Trade approach: A movement as big as 7.23% is a significantly bullish indicator, so this trade is designed to be profitable if DKNG maintains its current direction and does not revert back to pricing on the bearish side of $30.42 on 18-Feb-2022. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bullish strategy, the trade would be profitable if DRAFTKINGS INC. CLASS A COMMON STOCK closes at or above $29.20 on 18-Feb-2022. Based on our risk-neutral analysis, there is a 54.81% likelihood of this return. Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment. To analyze this trade in depth, please visit the Quantcha Options Search Engine.