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DraftKings put volume heavy and directionally bearish

DraftKings put volume heavy and directionally bearish

Bearish flow noted in DraftKings with 21,964 puts trading, or 5x expected. Most active are 9/13 weekly 37 puts and 9/13 weekly 38 puts, with total volume in those strikes near 9,700 contracts. The Put/Call Ratio is 2.51, while ATM IV is up over 3 points on the day. Earnings are expected on October 31st.

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