Reported 4 months ago
Shares of DraftKings Inc (NASDAQ:DKNG) dropped 11.6% to $36.09 after Illinois Senate passed a budget to increase gaming revenue taxes by 140%. Despite the plunge, historical data suggests a potential 12.9% one-month gain after similar occurrences, lifting DKNG back above $40. The stock is still up 54% in the last 12 months, making it an opportune time to consider options trading with low volatility expectations.
Source: YAHOO