Stock Markets June 10, 2026 11:47 AM

DraftKings options volume surges to 97,174 contracts in midday session

Calls dominated activity as several near- and longer-dated strikes recorded heavy turnover and varied open interest levels

By Ajmal Hussain
Share
Twitter Reddit Facebook LinkedIn
DKNG

Options trading in DraftKings Inc. (DKNG) totaled 97,174 contracts at 11:21 a.m. New York time on Wednesday, driven largely by call activity. Exchange data compiled by Bloomberg shows 79,537 call contracts and 17,637 put contracts traded, with notable concentration in several June and mid-2026 strikes as well as a split block in January 2027 options.

DraftKings options volume surges to 97,174 contracts in midday session
DKNG
Summarize with
ChatGPT Perplexity Claude Grok Gemini

Key Points

  • Total options volume for DraftKings reached 97,174 contracts at 11:21 a.m. New York time, with calls accounting for 79,537 and puts 17,637.
  • Heavy trading concentrated in several strikes: June 12, 2026 $30 and $31 calls; June 18, 2026 $32 call; July 17, 2026 $32.50 call; and a split block in January 15, 2027 $35 calls and $30 puts.
  • Sectors impacted include online gaming/gambling equities and the derivatives market, where heightened options activity can affect liquidity and short-term volatility.

Trading in options tied to DraftKings Inc. reached 97,174 contracts at 11:21 a.m. New York time on Wednesday, according to exchange data compiled by Bloomberg. The session was marked by a strong bias toward call activity, which accounted for 79,537 contracts, while puts totaled 17,637 contracts.

Activity was concentrated in a handful of strikes and expirations. Among the busiest was the June 12, 2026 $30 call, where 6,365 contracts changed hands against an open interest of 2,243 contracts. Another notable block involved options expiring January 15, 2027: a total of 5,000 contracts traded in that series, split evenly between $35 calls and $30 puts. The $35 calls saw 2,500 contracts traded with open interest of 10,214 contracts, while the $30 puts also had 2,500 contracts traded against open interest of 7,141 contracts.

Other heavily traded positions included the June 18, 2026 $32 call with 3,806 contracts and open interest of 5,692 contracts, and the July 17, 2026 $32.50 call which recorded 3,265 contracts traded with open interest at 1,970 contracts. The June 12, 2026 $31 call also saw significant turnover, with 3,118 contracts traded against an open interest of 434 contracts.

The breakdown of traded contracts and open interest across several expirations highlights where market participants concentrated their activity during the reported timestamp. The data presents a snapshot of intraday options flows for the stock and shows which strikes were focal points for traders on that day.


What the numbers show

  • Overall options volume reached 97,174 contracts at the specified time.
  • Call options composed the majority of traded contracts (79,537), with puts making up the remainder (17,637).
  • Several individual strikes, particularly in June and mid-2026 expirations and a January 2027 block, accounted for sizable portions of the session's turnover.

This report is limited to the exchange data at the reported timestamp and does not attempt to interpret motivations behind the trades or any subsequent price action beyond the figures presented.

Risks

  • The snapshot represents activity at a single timestamp; it does not reveal traders' intentions or predict future price moves, which limits how the data can be interpreted - impacting market participants and derivatives desks.
  • Open interest levels differ considerably across strikes, meaning some traded contracts reflect new positions while others may be closing or rolling; this uncertainty affects assessments of net positioning in the stock and derivatives market.
  • Concentration in a small number of strikes and expirations could translate into localized liquidity or volatility risk around those strikes, which is relevant to options market makers and trading desks.

More from Stock Markets

Google debuts DiffusionGemma, a text model built for speed with parallel generation Jun 10, 2026 Ennoconn's 30% Stake Forces Mandatory €23.5 Cash Offer for Kontron Jun 10, 2026 Piper Sandler Starts Coverage of SharkNinja With Overweight, Cites Double-Digit Growth Potential Jun 10, 2026 Palantir CEO: Enterprise Clients Frustrated with Frontier AI Labs' Approach Jun 10, 2026 Energy Stocks Rally as Oil Gains on Geopolitical Tension and Inventory Drawdown Jun 10, 2026