Moderately bullish activity in DraftKings (DKNG), with shares up 1c, or 0.03%, near $30.55. Options volume relatively light with 44k contracts traded and calls leading puts for a put/call ratio of 0.3, compared to a typical level near 0.36. Implied volatility (IV30) is higher by 0.2 points near 52.99,and above the 52wk median, suggesting an expected daily move of $1.02. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Neutral at BofA.
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