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Penn National call volume above normal and directionally bullish

Bullish option flow detected in Penn National with 12,485 calls trading, 5x expected, and implied vol increasing over 3 points to 54.70%. 5/30 weekly 16 calls and Jun-25 17.5 calls are the most active options, with total volume in those strikes near 10,800 contracts. The Put/Call Ratio is 0.01. Earnings are expected on August 11th.

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