DraftKings Inc. (DKNG)
Overview · Option chain · Volatility · Expected-move history · Earnings
Cboe delayed options data · as of 21:54 UTC · Figures derived from the full chain (716 contracts, 16 expirations) · IV own-history percentile appears after 60 recorded days (29 so far)
Expected move · Nov 20, 2026 (32 days)
Methodology →Read from option prices: the at-the-money straddle costs this much, so the market is pricing a move of about that size in either direction by this date. It is an estimate of movement, not a prediction of direction.
Options are pricing a move of about ±16.2% (range 16.57–22.98) by Nov 20, 2026. ATM straddle: 3.21 @ strike 20 · ATM IV: 68.2%.
Probability distribution
Model & assumptions →The curve shows where a lognormal model, fed with current implied volatility, puts the range of outcomes at this expiration. Shaded: the expected-move band.
| Level | vs price | P(above)Model-estimated chance the stock finishes above a level at expiration, derived from current IV under a lognormal model with stated assumptions — an estimate, not a prediction. | P(below) |
|---|---|---|---|
| 17.79 | -10% | 66.4% | 33.6% |
| 18.78 | -5% | 56.1% | 43.9% |
| 19.77 | -0% | 46.0% | 54.0% |
| 20.76 | +5% | 36.6% | 63.4% |
| 21.75 | +10% | 28.3% | 71.7% |
Model-estimated probabilities of finishing above/below each level at expiration: estimates under stated assumptions, not predictions.
Probability explorer
Drag the slider to any level and see the model-estimated chance the stock finishes above or below it at the selected expiration.
Horizon: Nov 20, 2026 · lognormal model with zero drift: an estimate, not a prediction. Assumptions
Expirations
Open the chain →| Expires | DTEDays to expiration, in calendar days. | Implied move | ATM IV | Open int. |
|---|---|---|---|---|
| Oct 23, 2026 | 4 | ±5.5% | 64.9% | 23.6K |
| Oct 30, 2026 | 11 | ±8.0% | 57.1% | 14.0K |
| Nov 06, 2026 | 18 | ±12.3% | 68.9% | 6,456 |
| Nov 13, 2026 | 25 | ±14.5% | 68.9% | 3,413 |
| Nov 20, 2026 | 32 | ±16.2% | 68.2% | 271.5K |
| Nov 27, 2026 | 39 | ±16.0% | 61.1% | 469 |
| Dec 18, 2026 | 60 | ±20.7% | 63.8% | 85.3K |
| Jan 15, 2027 | 88 | ±24.1% | 61.4% | 179.5K |
| Feb 19, 2027 | 123 | ±30.5% | 66.1% | 22.9K |
| Mar 19, 2027 | 151 | ±32.2% | 63.0% | 26.1K |
Open interest by strike · Nov 20
Where option positions are concentrated. Teal bars are calls, red bars are puts; the dashed line is the current price.
Largest open-interest concentrations (all expirations ≤ 60 days): 25 C · 15.7K20 C · 14.8K17.5 P · 9,94720 P · 8,58123 P · 7,812
IV term structure
Volatility page →At-the-money implied volatility for each expiration. A hump around a date often marks a scheduled event the market is pricing.
When does open interest expire?
Implied vs realized volatility
HV from our stored daily closes (annualized); IV30 interpolated from the chain. Method
Price, last 60 sessions
Daily closes; Financial Modeling Prep.
Track record
Full history →Of 121 recorded snapshot-versus-outcome comparisons so far, the close landed inside the expected range 37.2% of the time.
Past earnings reactions
Avg |reaction| 11.5% · median 11.5% (20 reports). Two-session close-to-close window; definition
About DraftKings Inc.
DraftKings Inc. operates as a leading digital enterprise specializing in sports entertainment and gaming. The company provides sophisticated multi-channel sports betting and gaming technology solutions to operators across 17 countries, facilitating diverse entertainment experiences. Directly, DraftKings manages its own iGaming services under the DraftKings brand in five U.S. states, and separately operates Golden Nugget Online Gaming, another iGaming offering, in three states. Its Sportsbook platform is accessible for both mobile and physical wagers in 18 U.S. states, all in compliance with local regulations. Beyond traditional betting, DraftKings offers its daily fantasy sports product globally in six countries, spanning 15 different sports disciplines. Further diversifying its portfolio, the company has established DraftKings Marketplace, a user-friendly digital collectibles platform featuring curated NFT releases and supporting secondary trading. It also possesses Vegas Sports Information Network (VSiN), a multi-platform content and broadcasting entity. Established in 2011, DraftKings Inc. maintains its headquarters in Boston, Massachusetts.
Consumer Cyclical · Gambling, Resorts & Casinos · NASDAQ · Profile: Financial Modeling Prep
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