Bullish option flow detected in Penn National with 8,533 calls trading, 1.7x expected, and implied vol increasing over 5 points to 78.73%. 8/2 weekly 19.5 puts and Oct-24 25 calls are the most active options, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 0.33. Earnings are expected on August 8th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PENN:
- Bet On It: Accel Entertainment aims to turn horse track into entertainment hub
- Layoffs and New Focus Can’t Keep PENN Stock Green
- Penn Entertainment to lay off about 100 employees, CNBC reports
- Penn National put volume heavy and directionally bearish
- Bet On It: Sports betting industry gears up for second quarter earnings