Penn National call volume above normal and directionally bullish

Bullish option flow detected in Penn National with 8,891 calls trading, 3x expected, and implied vol increasing over 1 point to 54.79%. Sep-24 20 puts and Jan-25 22.5 calls are the most active options, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 0.35. Earnings are expected on October 31st.

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