Bullish option flow detected in Penn National with 11,813 calls trading, 1.2x expected, and implied vol increasing over 1 point to 69.92%. Apr-24 17.5 calls and 4/12 weekly 17 calls are the most active options, with total volume in those strikes near 7,100 contracts. The Put/Call Ratio is 0.10. Earnings are expected on May 2nd.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PENN:
- Penn Entertainment price target raised to $22 from $21 at Morgan Stanley
- Bet On It: Macau gaming bureau reports big growth in March revenue
- Penn National put volume heavy and directionally bearish
- Bet On It: Operators under fire for marketing tactics and college player props
- Nevada reports February statewide gaming win up 8.5% to $1.34B