Call buyers take the long-shot in DraftKings ahead of Superbowl Sunday

Call buyers take the long-shot in DraftKings ahead of Superbowl Sunday. Shares up 9c, or .5%, this morning near $17.76 with 25k calls trading in 20 minutes, vs 2600 puts, and more than half the volume in 19 strike calls that expire tomorrow. Most of the flow hit near 9:42am ET when buyer(s) began paying 7c with shares near 17.54, and continued buying up to 8c as shares rose to $17.77. Volume in these 7% out of the money contracts exceeds open interest by nearly 13k contracts. At the time of Super Bowl LVI last year, Draftking shares were trading near $23, but they have haven’t closed above $19 since September.