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DraftKings put volume heavy and directionally bearish

Bearish flow noted in DraftKings with 39,352 puts trading, or 4x expected. Most active are 9/13 weekly 35 puts and 9/13 weekly 36.5 puts, with total volume in those strikes near 27,100 contracts. The Put/Call Ratio is 2.14, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 31st.

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