DraftKings call volume above normal and directionally bullish

Bullish option flow detected in DraftKings (DKNG) with 29,523 calls trading, 1.2x expected, and implied vol increasing almost 3 points to 56.84%. 2/28 weekly 55 calls and 2/7 weekly 42 calls are the most active options, with total volume in those strikes near 10,900 contracts. The Put/Call Ratio is 0.31. Earnings are expected on February 13th.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue