Consumer Discretionary · Growth
DKNG Implied Volatility, IV Rank & Options Chain
DraftKings Inc. (DKNG) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for DraftKings Inc.
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DKNG options trade with implied volatility typically in the 35% - 75% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar.
DKNG implied volatility
As of 2026-09-01As of 2026-09-01, DKNG's 30-day implied volatility is 50.2%, placing its 1-year IV percentile at 40.0 — above 40.0% of the past year's daily IV readings, a middle range, neutral between selling and buying premium.
DKNG live chain, Greeks and GEX
TerminalEvery figure above is reference data. The live DKNG chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.
DKNG options at a glance
- Daily volume
- N/A
- IV range
- 35% - 75%
- Bid-ask spread
- N/A
- Expirations
- Weekly, monthly, LEAPS
- Open interest
- N/A
- Next earnings
- See earnings calendar
About DraftKings Inc. (DKNG)
DraftKings Inc. (DKNG) is a online gambling company listed on NASDAQ.
Company profile
- Sector
- Consumer Discretionary
- Industry
- Online Gambling
- Market cap
- See live data
- Exchange
- NASDAQ
Key dates
- Next earnings
- See earnings calendar
- Earnings frequency
- Quarterly
- Dividend schedule
- See company page
- Fiscal year end
- December
DraftKings Inc. is a Online Gambling) company in the Consumer Discretionary sector.
DKNG options market overview
DKNG options provide trading opportunities for options traders.
- Average daily volume
- N/A
- Total open interest
- N/A
- Put/call ratio
- N/A
- Typical ATM spread
- N/A
- Weekly options
- Not available
- LEAPS available
- Yes
Liquidity assessment: Good
DKNG options provide trading opportunities across multiple expirations.
DKNG implied volatility and IV rank
DKNG implied volatility patterns reflect the online gambling sector dynamics.
Earnings impact
IV typically expands before earnings and contracts after the announcement.
The post-earnings volatility drop is known as IV crush. Holders of short DKNG options should also understand early assignment risk around dividends and expiration.
Historical volatility vs IV
DKNG IV generally trades near historical volatility, with premiums expanding around earnings.
Term structure
Typically upward sloping under normal conditions.
The smile, the term structure and the cone for DKNG, on today's chain.
Open the Volatility LabDKNG gamma exposure (GEX)
Gamma Exposure analysis for DKNG reveals dealer hedging dynamics at key strike levels.
- Typical GEX profile. DKNG tends to operate in a positive gamma environment during normal conditions.
- Key levels.
- Dealer hedging.
Where the gamma sits on DKNG right now, strike by strike.
See live DKNG GEXCommon DKNG options strategies
These are strategies commonly used by traders on DKNG options, based on typical market characteristics. This is not investment advice.
Key considerations for DKNG options
- Monitor DKNG earnings dates for IV expansion/contraction patterns
- Consider the stock's beta when sizing options positions
- DKNG options liquidity varies by expiration - prefer near-term and monthly expirations
DKNG key events
Earnings months. January, April, July, October
- Written by
- ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use. - Reviewed by
- Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.
Revised as market conditions and institutional data change. Last revised 2026-09-01. How we research →
Track this name's volatility weekly. The week's biggest IV movers and the expected earnings moves, straight from the data.
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Questions
Frequently asked
about DKNG options.
What is DKNG's typical implied volatility?
DKNG implied volatility typically ranges from 35% - 75%. IV patterns are influenced by earnings, sector events, and market conditions.
Does DKNG have weekly options?
Check with your broker, DKNG may offer weekly options expirations.
What is DKNG's options trading profile?
DKNG (DraftKings Inc.) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 35% - 75% range. The position sits in the Consumer Discretionary category for portfolio diversification and options strategy design.
How does DKNG implied volatility behave around earnings?
IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.
What options strategies work well on DKNG?
Popular strategies on DKNG options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 35% - 75% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.
What is DKNG's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence DKNG's intraday price action. DKNG tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live DKNG GEX levels and the gamma-flip point on ApexVol.
What is DKNG's IV rank?
DKNG's IV rank shows where DKNG's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. DKNG implied volatility typically ranges from 35% - 75%. Check DKNG's live IV rank and percentile on ApexVol's IV analytics.
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Where DKNG
gets priced.
DKNG analytics
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