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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PENN:
- Penn Entertainment director buys $175.1K in common stock
- Bet On It: AGA estimates $35B to be wagered throughout NFL season
- Penn National call volume above normal and directionally bullish
- Penn Entertainment price target lowered to $20 from $21 at Morgan Stanley
- Bet On It: DraftKings leans into live betting opportunity with Simplebet deal