What is DKNG's options positioning and volatility profile?

Roarable tracks verified CBOE unusual options sweeps, put/call ratios, and OHLCV realized volatility bands for DKNG.

Stock Ratings / Consumer Discretionary / DKNG / options

LLYVK (40) LLYVA (38) MSGK (67) WMG (54) ⌘ Pro Terminal →

DraftKings Inc. (DKNG) Options Positioning, Max Pain & Unusual Sweeps

Q: Where is DKNG trading relative to its 50-day, 200-day, and 52-week technical levels?

DKNG last traded at $21.81 (+4.30% on volume of 11,997,286 shares), positioning the stock +1.16% above its 50-day simple moving average ($21.56) and -9.35% below its 200-day simple moving average ($24.06). Across its 52-week range of $18.35 to $36.98, DKNG sits at the 18.6% percentile with a 14-day RSI of 51.9 (NEUTRAL RANGE) and an implied next-earnings move of ±8.6% ($19.93 to $23.69).

$21.81 +4.30% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $21.94

DraftKings Inc. (DKNG) carries a Roarable Rating of D- (Sell) with 41/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D- • RED ALERT Cap $10.38B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is DKNG stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, DraftKings Inc. (NASDAQ: DKNG) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 41/100 at a spot price of $21.81 (+4.30% 1D, market cap $10.38B). Pillar breakdown: Fundamental Cash Engine 7/20, Institutional 13F & Options Flow 7/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 4/20, and SEC Balance-Sheet Forensics 13/20. Across 1011 tracked Consumer Discretionary issuers, DKNG ranks #711 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does DKNG compare to LLYVK and LLYVA in the Consumer Discretionary sector?

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Within the Consumer Discretionary sector (Services-Misc. Amusement & Recreation), DKNG carries a Roarable D- (41/100 RQD), trailing P/E of N/A, gross margin of 41.3%, and ROIC of -1.1%. By comparison, LLYVK (Liberty Live Holdings Inc. Series C Liberty Live Group) holds a D- grade (40/100 RQD, P/E N/A, ROIC -5.4%, cap $9.60B) and LLYVA (Liberty Live Holdings Inc. Series A Liberty Live Group) posts a D- grade (38/100 RQD, P/E N/A, ROIC -5.6%, cap $9.26B). Among the 5-stock peer group, MSGK leads on earnings multiple (32.8x) while WMG leads on capital efficiency (14.3% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for DKNG?

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Per DKNG's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001883685), DraftKings Inc. generated $6.05B in revenue (+27.0% YoY), $3.7M in net income, and $647.5M in free cash flow against $4.53B in total assets and $1.75B in total debt. Key quantitative strengths: Established market leader in Consumer Discretionary with deep daily trading liquidity.. Primary risk factors monitored: Sensitive to high interest rates and tighter Federal Reserve market liquidity.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $21.94 (+0.58%)🧬 Cannibal Buyback (-1.52% YoY Shares)⚙️ Cash Engine: 7/20 (D-) • 10.7% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (41/100 · D-) historically underperformed SPY in 71% of rolling 90-day windows (-7.2% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • D-

3-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D · Rk D-

Each axis scored 0–20

12M PRICE TARGET CONE-7.7% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for DKNG)Realized 20D OHLCV Swing Band: ±8.6%

Deterministic 5-Pillar Attribution (41/100 Composite)

🔍 WHY DKNG SCORES 41/100 (D-) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Insider Conviction & Share Dilution+13/20 pts (32% of score)

SEC Form 4 / 13F Thermometer: 65% Net Buy • Cannibal Buyback (-1.52% YoY Shares)

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+10/20 pts (24% of score)

Altman Z-Score 0.93 (DISTRESS RISK (<1.8)) • Piotroski F-Score 8/9

▼ #1 Drag / Risk Factor: Macro Regime Fit4/20 pts (-16 pt drag)

Macro rate sensitivity & RSI-14 (51.9) create a -16 pt regime headwind

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade E$18.90+8.6% Next Q

Q2 (-2Q)

Grade E$20.53-1.1% Next Q

Q3 (-1Q)

Grade E$20.30+7.4% Next Q

Current

Grade D-$21.81-7.2% Hist 90D α

Trajectory: E (33) → D- (41)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a DKNG Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While DKNG currently carries a cautious 41/100 (D-) rating due to Macro Regime Fit (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Consumer Discretionary with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($21.56) and Max Pain ($22.90) forces dealer call-delta covering toward $38.83.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Cannibal Buyback (-1.52% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $DKNG• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “DKNG Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 41%NO 59%Trade / Inspect Odds →

CALL VS. PUT WHALE SHARE

— (No Active Options Snapshot)

Put/Call Ratio: — (No Active Options Snapshot)

MAX-PAIN EXPIRATION MAGNET

— (No Active Options Snapshot)

No active options chain max-pain snapshot on file

HISTORICAL 20D VOLATILITY SWING

±8.6%

Derived from 20D OHLCV bars (No Active Options Snapshot)

Active Strike Call vs. Put Concentration Ladder (DKNG)

— (No Active Options Snapshot) — No unusual CBOE strike concentration anomalies recorded in the current database snapshot for DKNG.

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Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring DKNG)

✓Walkthrough of DKNG's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

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DKNG // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -7.47%▼ DESCENDING CHANNEL

2026-11-03O $20.72H $21.81L $20.72C $21.81VOL 8.89M

RES: $23.43SUP: $17.00SMA50: $21.56SMA200: $24.06

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

DKNG Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 DKNG Butterfly Map → + Track DKNG →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

8.0%/yr Implied 5Y Growth

vs. +27.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on DKNG today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for DKNG. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for DKNG today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (DKNG)

Consumer Discretionary Rank #711 of 1011 ⚔️ LLYVK vs DKNG Full Matrix →

1. Head-to-Head Consumer Discretionary Peer Comparison (DKNG vs. LLYVK, LLYVA, MSGK, WMG)

Industry: Services-Misc. Amusement & Recreation (51 Tracked Issuers)

Across 1011 tracked Consumer Discretionary securities in the Roarable RQD universe, DraftKings Inc. (DKNG) ranks #711 by composite RQD confidence (41/100, grade D-) and #166 by equity capitalization ($10.38B). Within this direct 5-issuer industry benchmark cohort, MSGK leads on earnings valuation at 32.8x trailing P/E, while WMG leads on capital efficiency and profitability with 14.3% ROIC and 45.8% gross margin. MSGK currently holds the highest overall quantitative score in the immediate peer group at 67/100 (C+) compared with DKNG at 41/100 (D-).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
DKNG ACTIVE DraftKings Inc.	D-	41/100	—	41.3%	-1.1%	+4.30%	$10.38B	Benchmark Subject
LLYVK Liberty Live Holdings Inc. Series C Liberty Live Group	D-	40/100	—	19.2%	-5.4%	+0.35%	$9.60B	/llyvk-vs-dkng →
LLYVA Liberty Live Holdings Inc. Series A Liberty Live Group	D-	38/100	—	19.2%	-5.6%	+0.58%	$9.26B	/llyva-vs-dkng →
MSGK MSG Knickerbockers Corp.	C+	67/100	32.8x	—	9.9%	-0.88%	$7.55B	/msgk-vs-dkng →
WMG Warner Music Group Corp.	D+	54/100	43.7x	45.8%	14.3%	+1.14%	$16.02B	/wmg-vs-dkng →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001883685

In its most recent audited fiscal period (FY2025, filed 2025-12-31), DraftKings Inc. (DKNG) reported GAAP revenue of $6.05B (+27.0% vs. FY2024 revenue of $4.77B , and +65.2% cumulative change since FY2023) , GAAP net income of $3.7M, operating cash flow of $662.9M, and free cash flow of $647.5M (+58.9% YoY). On the balance sheet, DKNG closed FY2025 with $4.53B in total assets against $1.75B in total debt (Altman Z-Score: 0.93, Piotroski F-Score: 8/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$6.05B	$3.7M	$662.9M	$647.5M	$4.53B	$1.75B
FY2024 (FY)	2024-12-31	$4.77B	-$507.3M	$417.8M	$407.6M	$4.28B	$1.47B
FY2023 (FY)	2023-12-31	$3.67B	-$802.1M	-$1.8M	-$166.7M	$5.66B	$1.32B

3. DKNG Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is DKNG stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does DKNG compare to LLYVK and LLYVA in the Consumer Discretionary sector?

What are the biggest fundamental strengths and SEC risk factors for DKNG?

Where is DKNG trading relative to its 50-day, 200-day, and 52-week technical levels?

DKNG last traded at $21.81 (+4.30% on volume of 11,997,286 shares), positioning the stock +1.16% above its 50-day simple moving average ($21.56) and -9.35% below its 200-day simple moving average ($24.06). Across its 52-week range of $18.35 to $36.98, DKNG sits at the 18.6% percentile with a 14-day RSI of 51.9 (NEUTRAL RANGE) and an implied next-earnings move of ±8.6% ($19.93 to $23.69).

Direct Sub-Reports: DKNG RQD Cockpit DKNG 12M Forecast DKNG Earnings & Move DKNG Dividends & DRIP DKNG Insiders & 13F DKNG Whale Options DKNG Profit Sankey DKNG News & Why

ROARABLE RATING BRIEF • RQD 41/100 (D-) ✓ SEC XBRL & RQD VERIFIED

DKNG — DraftKings Inc.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

DraftKings Inc. (DKNG) earns a live Roarable RQD composite score of 41/100, corresponding to a D- letter grade (Roarable Sell) at a spot price of $21.81 (+4.30% 1D, market capitalization $10.38B).

Fundamental Cash Engine (7/20): Anchored by return on invested capital (ROIC) of -1.1%, gross margin of 41.3%, operating margin of -0.3%, and free cash flow yield of 6.29%.
Whale 13F & Options Flow (7/20) + Insider Conviction (10/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (4/20) + Forensic Balance Sheet (13/20): Incorporates a 1.06x equity beta, Altman Z-Score of 0.93, Piotroski F-Score of 8/9, and Debt/Equity of 2.59x.

2. Business Model, Unit Margins & SEC Financial Trajectory

DraftKings Inc. (DKNG) is a NASDAQ-listed issuer classified in the Consumer Discretionary sector and the Services-Misc. Amusement & Recreation industry. The profile identifies the company's market capitalization as $10.3B.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), DraftKings Inc. (DKNG) reported $6.05B in annual revenue (up from $4.77B in FY2024, +27.0% YoY) and $3.7M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($3.67B revenue, -$802.1M net income) through FY2025, DKNG scaled operating cash flow to $662.9M and free cash flow to $647.5M, backed by $4.53B in total assets against $1.75B in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (D- • RQD 41/100): Established market leader in Consumer Discretionary with deep daily trading liquidity. Free cash flow yield of 6.29% and institutional whale pillar of 7/20. With Fundamental Cash Engine at 7/20 and Institutional Whale Flow at 7/20, sustained execution supports upside toward the upper end of the $18.35 – $36.98 52-week range.
🐻 Primary Bear Case & Valuation Risk: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Investors must weigh current valuation against -0.3% operating margins and a 1.06x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Upstream and downstream dependencies, sector correlations, and 2nd-order bottlenecks are therefore — Investors should note that the absence of mapped links means this dossier cannot quantify ripple effects through suppliers, customers, or peer companies.

Key Question #1: Can DKNG sustain or expand its -0.3% operating margin and -1.1% ROIC against Services-Misc. Amusement & Recreation peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $6.05B and free cash flow of $647.5M, how will capital allocation balance growth reinvestment against $1.75B in total debt?
Key Question #3: How sensitive is DKNG's equity valuation to Consumer Discretionary capital spending cycles and macro interest-rate shifts (Beta 1.06x)?

DKNG Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for DraftKings Inc. (DKNG) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to DKNG Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo Finance • 21h ago

DraftKings Is Down 44% in 2026: Is DKNG Stock Dead Money or Due for a Bounce?

Yahoo Finance report covering DraftKings Inc. (DKNG) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Investopedia • 1d ago

DraftKings Stock Jumps After Bank of America Says It’s Time to Buy the Stock

Investopedia report covering DraftKings Inc. (DKNG) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Investor's Business Daily • 1d ago

DraftKings Stock Jumps On Upgrade, Analyst Sees Prediction Market Wins

Investor's Business Daily report covering DraftKings Inc. (DKNG) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Trefis • 1d ago

Has Buying DraftKings Stock’s Dips Paid Off?

Trefis report covering DraftKings Inc. (DKNG) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo! Finance Canada • 1d ago

DraftKings Inc. (DKNG) Stock Price, News, Quote & History

Yahoo! Finance Canada report covering DraftKings Inc. (DKNG) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 1d ago

DraftKings (DKNG) Stock May Be Below Fair Value As Prediction Market Hopes Grow

Yahoo Finance report covering DraftKings Inc. (DKNG) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 1d ago

Investors Heavily Search DraftKings Inc. (DKNG): Here is What You Need to Know

Yahoo Finance report covering DraftKings Inc. (DKNG) market action, institutional positioning, and fundamental catalysts.

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🟡 MARKET WIRE Benzinga • 1d ago

Needham Maintains Buy on DraftKings, Lowers Price Target to $30

Needham analyst Bernie McTernan maintains DraftKings (NASDAQ:DKNG) with a Buy and lowers the price target from $35 to $30.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

DKNG Bull vs. Bear Conversation Board — What's Your Call at $21.81?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON DKNG 🐻 33% BEARISH CONVICTION

QU QuantViper RQD DEBATE OPENER • Systematic Momentum Desk 🐂 BULLISH 🎯 Target: $26.35 (+26.0%)

📌 Pinned Debate

Free cash flow of $647.5M in FY 2025 and a Piotroski F-Score of 8/9 signal improving operating fundamentals.

Long DKNG at $20.91 targeting $26.35. Free cash flow of $647.5M in FY 2025 and a Piotroski F-Score of 8/9 signal improving operating fundamentals.. Institutional whale score is 7/20 and the risk/reward vs. the $18.35 52-week low is skewed heavily in favor of bulls.

CapAlloc_Nerd 🐂 BULL

@QuantViper Agree on the RQD 41/100 quality, though with 1.06 beta I'm scaling in with half-size at $20.91 and keeping dry powder in case we test $19.45.

RE RedlineAuditor RQD DEBATE OPENER • Accounting Quality Watch 🐻 BEARISH 🎯 Target: $15.68 (-25.0%)

Spot @ $20.91

An Altman Z-Score of 0.93 and Debt/Equity of 2.59 leave the balance sheet in a stretched position with ROIC at -1.1%.

Sitting on the sidelines or leaning short DKNG above $20.91. An Altman Z-Score of 0.93 and Debt/Equity of 2.59 leave the balance sheet in a stretched position with ROIC at -1.1%.. Until Fundamental Cash Engine (7/20) and FCF yield (6.29%) inflect higher, upside is capped near $36.98.