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DraftKings call volume above normal and directionally bullish

Bullish option flow detected in DraftKings (DKNG) with 21,428 calls trading, 1.2x expected, and implied vol increasing over 1 point to 63.05%. Jul-25 40 calls and 5/2 weekly 35 calls are the most active options, with total volume in those strikes near 10,800 contracts. The Put/Call Ratio is 0.21. Earnings are expected on May 8th.

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