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Penn National call volume above normal and directionally bullish

Bullish option flow detected in Penn National with 9,102 calls trading, 2x expected, and implied vol increasing over 2 points to 48.68%. 12/27 weekly 21.5 calls and Jan-25 22.5 calls are the most active options, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 0.22. Earnings are expected on February 20th.

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