Daily fantasy sports doesn’t exactly fit the profile of booming business right now, but that hasn’t kept the main publicly traded DFS stock from skyrocketing in the meantime. DraftKings (DKNG) has more than tripled since basically all sports took a sledgehammer to the knees.

Does that make sense? Sure, why not? In the current context just about anything makes sense. If you point out some sort of financial abnormality and dare point out the emperor has no clothes, you may as well stop showering or cutting your nails, don a “The End is Nigh” double-sided billboard, and chew on some Alkaseltzer tablets for that added foaming-at-the-mouth effect. Then go out and say something’s wrong. See how many people listen.

Despite my eye-rolling tone at this DraftKings mega-rally in response to all sports being majorly curtailed for the first time since World War II, there is still actually a pseudo bull case for DraftKings. Not really a “bull case” per se in the sense of a long term bullish thesis on the business itself. It’s more of a binary option-type play on DraftKings which could turn out to be profitable by March or so, assuming the global financial system stays globbed together with multitrillion dollar spitballs thrown from the Mariner Eccles building until then.

The bet is pretty simple. It’s that Sleepy Joe beats The Donald in November, at which point the media dials back a bit on COVID-19 hysteria trying to make Sleepy Joe look good, who then proceeds to reopen the United States eagerly playing the American hero role, and with that, the world follows. Under that scenario, DraftKings, and pretty much every other stock on the planet including stocks of companies that sell fermented toe jam exclusively to gnomes who live in the Alpha Centauri star system, will explode higher.