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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