DraftKings Falls 0.57% as Volume Ranks 353rd Split Institutional Bets Highlight Options Strategy

On August 25, 2025, DraftKings (DKNG) closed with a 0.57% decline, trading at $47.26 with a volume of 2.84 million shares. The stock ranked 353rd in trading volume among equities that day, reflecting mixed institutional activity in its options market.

Recent options data reveals a split in institutional sentiment, with 55% bullish and 44% bearish positions detected. Large-scale trades included $366,435 in call options and $131,130 in put options, targeting a price range of $40.0 to $57.5. Notable transactions included a $112,100 call sweep at $40.00 strike and a $97,200 put trade at $57.50, suggesting strategic positioning ahead of potential volatility. Analysts from Benchmark, Jefferies, and Barclays maintain Buy/Overweight ratings, averaging a $53.67 price target, though earnings are not due for 73 days.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day resulted in a moderate return. From December 2021 to August 2025, the total profit was $2,940, with a maximum drawdown of -$1,960. The strategy’s Sharpe ratio was 1.53, indicating favorable risk-adjusted returns. The best month was December 2021 ($840 profit), while the worst was August 2025 (-$320 loss).