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Penn National call volume above normal and directionally bullish

Bullish option flow detected in Penn National with 24,316 calls trading, 2x expected, and implied vol increasing almost 4 points to 56.56%. 6/14 weekly 18 calls and Jun-24 16.5 calls are the most active options, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 0.29. Earnings are expected on August 7th.

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