DraftKings Options Surge As Investors Bet Big On Sportsbook's Growth

Friday 21st of March 2025 16:16:06

Smart Money is Betting Big in DKNG Options

March 25, 2023

The sports betting industry has seen a surge in popularity in recent years, and one company that has been at the forefront of this trend is DraftKings Inc. (DKNG). The online sportsbook and fantasy sports company has been a favorite among traders and investors, and the options market is no exception.

According to data from Benzinga's Options Alert, smart money is betting big on DKNG options. The company's options are seeing a significant increase in trading volume and open interest, with many traders and investors looking to take advantage of the company's growing presence in the sports betting industry.

One of the most popular DKNG options trades is the April 21st $50 call option. This option has seen a significant increase in trading volume and open interest, with many traders and investors looking to bet on the company's continued growth.

Other popular DKNG options trades include the April 14th $55 call option and the April 28th $60 call option. These options have also seen a significant increase in trading volume and open interest, with many traders and investors looking to take advantage of the company's growing presence in the sports betting industry.

The increase in trading volume and open interest in DKNG options is a sign that smart money is betting big on the company's continued growth. The company's options are a popular choice among traders and investors, and the increase in trading volume and open interest is a sign that many are looking to take advantage of the company's growing presence in the sports betting industry.

Overall, the increase in trading volume and open interest in DKNG options is a sign that smart money is betting big on the company's continued growth. The company's options are a popular choice among traders and investors, and the increase in trading volume and open interest is a sign that many are looking to take advantage of the company's growing presence in the sports betting industry.