DraftKings Q4 earnings are tomorrow, 2/18 at 7am. Draftkings (DKNG) reported a Q3 September 2021 loss of $1.35 per share on revenue of $212.8 million. Revenue grew 60.2% on a year-over-year basis. The company said it expects 2022 revenue of $1.70 billion to $1.90 billion. The current consensus estimate is revenue of $1.77 billion for the year ending December 31, 2022. I'm posting this as long because it's possibly a good setup on a red market day. It's a gamble until the earnings are publicly released along with future guidance. Here's levels on the 1 day chart:
Q4 Consensus:
EPS = -$0.82
Revenue = $442.5M
52 week high = $74.38
52 week low = $17.41
SMA200 = $42.91
SMA150 = $40.94
SMA100 = $34.29
SMA50 = $25.05
breakout = $27.48
R3 = $26.34
R2 = $25.19
R1 = $24.05
pivot = $22.90
S1 = $21.76
S2 = $20.61
S3 = $19.47
breakdown = $18.32
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
tradingview.com/u/growerik/
Q4 Consensus:
EPS = -$0.82
Revenue = $442.5M
52 week high = $74.38
52 week low = $17.41
SMA200 = $42.91
SMA150 = $40.94
SMA100 = $34.29
SMA50 = $25.05
breakout = $27.48
R3 = $26.34
R2 = $25.19
R1 = $24.05
pivot = $22.90
S1 = $21.76
S2 = $20.61
S3 = $19.47
breakdown = $18.32
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
tradingview.com/u/growerik/
Note
Today's DKNG Options Data:3/18 expiry =
Put Volume Total 1,667
Call Volume Total 5,411
Put/Call Volume Ratio 0.31
Put Open Interest Total 73,986
Call Open Interest Total 90,403
Put/Call Open Interest Ratio 0.82
1/20/2023 expiry =
Put Volume Total 54
Call Volume Total 1,573
Put/Call Volume Ratio 0.03
Put Open Interest Total 96,757
Call Open Interest Total 106,556
Put/Call Open Interest Ratio 0.91
Note
And that's why you hedge going into earnings. lol
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.