Open-Close data confirms defensive put spread collar in Draftkings

Open-Close data confirms defensive put spread collar in Draftkings. Shares of the online gaming company down 99c or -2.95% this morning near $32.59 with option volume 60% above normal after a large spread trade on the EDGX exchange where open-close data confirms a customer sold Jan 36 calls for 33c and bought the Jan 31/33 put spread for 77c, opening a put-spread collar nearly 4600x. Net debit of about $200K may be a short-term hedge on 460k shares, or nearly $15M of stock following 2023 when shares nearly tripled in value from $11 to 33.