Bullish option flow detected in Penn National with 47,257 calls trading, 4x expected, and implied vol increasing over 10 points to 56.28%. 7/11 weekly 19 calls and 7/25 weekly 20 calls are the most active options, with total volume in those strikes near 21,900 contracts. The Put/Call Ratio is 0.03. Earnings are expected on August 7th.
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