DKNG technicals are bearish; it has been stuck in a range since February and recently broke down, indicating further downside.

this is what I was thinking about gambling stocks, stocks like DraftKing, right, which is up a point.

DraftKings is up 4%.

Like if you bet a million dollars last night on um on Detroit versus Carolina in the football game on DraftKings. Well, let's say you bet a million dollars, sorry, on on Carolina.

Uh >> oh, there's Sorry about that. >> I know. We all got dogs. So, let's say we bet we built we bet a million dollar. If you bet a million dollars on Carolina, DraftKings would lose a million dollars on that bet, right?

What what what it may do though, it may have to make sports books or the draft kings of the world um offer more enticements to get people in.

We could check out DraftKings. Yeah, I'd love to. That was the poll this morning on whether gambling. I saw why was DraftKings up today? We That's the only thing I didn't cover is why was DraftKings up today?

Um Well, I have it on the upgrade list, but I don't know. So, that fits that fits the profile of something that I think is going to go down. Maybe they upgraded it for it to go lower.

Exactly. Exactly. So, look at the daily chart. Looks awful. It's been sitting in a ledge since February, desperately trying to move to the north and just could not. Uh week before last, it broke down and you know, it's it's headed lower.

So that updraft and you can see it given way right now.

So, the question is where do you want to take the trade? If you want to take the trade assuming it's going to be more downside action and you know right here on this edge right really where we are looks like the general formation for short.

So, how how would we do that? You could go short outright and make your stop 1975. That gives you 30 cents of risk.

Um, but remember, you could have that punch up and then the move down. So, I like to look for that look above and fail. So, I'd wait for here. Maybe while we're here together, I'll just put an alert on there so that we can see it.

And then you could say, "All right, well, let's say it leaks today. How how could you trade that?" A couple of things. If you wanted a zero DTE, you know, I'd recommend just taking a couple hundred and setting them on fire in front of you versus buying the zero DTE.

But if you're inclined to do that, then let's go here. Oh, it doesn't. Good. It's got weeklies, not dailies. Great. So, you could 10 cents. That's why. But you could try and you could try and buy it at the mark, right?

So, you could put it in at 37 straight out and and doing that. But I would put a lower bid in there and see if it'll come and get you because we've got 200 volume. And so, you know, you might sit around in there a while.