MomentumOptions.com Profit Alert (DKNG) for 12/22/2022
10:50am (EST)
I have a Profit Alert today as DKNG has dipped below $11. We are only closing a third of the while raising the Stop Limit to further protect profits.
Profit Alert!
DraftKings (DKNG, $11.15, down $0.38)
DKNG January 12.50 puts (DKNG230120P00012500, $1.85, up $0.40)
Entry Price: $0.70 (12/6/2022)
Exit Target: $2.10
Return: 164%
Stop Target: $1.15, raise to $1.20 (1/3rd) and $1.40 (1/3rd) (Stop Limits)
Action: Close one-third of the trade at current levels.
Raise the Stop Limit from $1.15 to $1.20 for another third of the trade and $1.40 on the remaining third to further protect profits.