Jul. 13 at 5:34 PM
Flutter Entertainment recorded 2,690 options contracts traded by 18:01 ET on Monday, according to Bloomberg data. Put options dominated activity with 1,794 contracts, versus 896 call contracts, signaling a preference for downside protection despite the stock's strong gains. The December 18, 2026,
$110 put was the most active contract, accounting for 1,518 trades, well above its previous open interest of 728 contracts as of July 10, suggesting a significant amount of new positioning, either for hedging or bearish speculation.
Shares of Flutter climbed 5.36% to
$116.60, outperforming the broader market even as options traders increased exposure to protective puts. Meanwhile, the company's three-month implied volatility slipped 0.58 percentage points to 51.59%, indicating a modest easing in overall expected price swings. At the same time, the three-month 90/110 skew rose 3.28 percentage points to 1.53%.
$FLUT