DKNG Gamma Exposure, IV Rank & Implied Volatility
DraftKings Inc. (DKNG) options data — GEX, IV rank, options chain & Greeks
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.
An IV rank near 56.2 (the value shown here is illustrative) would mean implied volatility is in roughly the 56.2th percentile of its 1-year range — middle range, neutral on premium selling vs buying. For today's live DKNG IV rank from ORATS, open the dashboard.
Chart shows simulated data for display purposes. View the real DKNG IV history on the live platform →
Comprehensive options market data for DraftKings Inc.
DKNG Options at a Glance
What's Covered in This Guide
1 About DraftKings Inc. (DKNG)
DraftKings Inc. (DKNG) is a online gambling company listed on NASDAQ.
Company Profile
Key Dates
DraftKings Inc. is a Online Gambling) company in the Consumer Discretionary sector.
2 DKNG Options Market Overview
DKNG options provide trading opportunities for options traders.
Liquidity Assessment: Good
DKNG options provide trading opportunities across multiple expirations.
3 DKNG Implied Volatility & 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.
DKNG 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:
4 Common DKNG Options Strategies
These are strategies commonly used by traders on DKNG options, based on typical market characteristics. This is not investment advice.
Popular for DKNG shareholders seeking additional income.
Defined-risk directional exposure on DKNG.
Range-bound strategy for DKNG between events.
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
Frequently Asked Questions: 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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