Moderately bullish activity in DraftKings (DKNG), with shares up 24c, or 0.69%, near $35.62. Options volume running well above average with 51k contracts traded and calls leading puts for a put/call ratio of 0.27, compared to a typical level near 0.41. Implied volatility (IV30) is higher by 5.6 points near 56.26,in the top quartile of the past year, suggesting an expected daily move of $1.26. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Underperform at Northland.
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