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DraftKings put volume heavy and directionally bearish
The Fly

DraftKings put volume heavy and directionally bearish

Bearish flow noted in DraftKings with 16,271 puts trading, or 1.1x expected. Most active are Aug-24 30 puts and Aug-24 29.5 puts, with total volume in those strikes near 7,600 contracts. The Put/Call Ratio is 1.57, while ATM IV is up over 3 points on the day. Earnings are expected on October 31st.

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