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Penn National call volume above normal and directionally bullish
The Fly

Penn National call volume above normal and directionally bullish

Bullish option flow detected in Penn National with 24,586 calls trading, 1.7x expected, and implied vol increasing over 1 point to 53.37%. 3/28 weekly 22 calls and 3/22 weekly 20 calls are the most active options, with total volume in those strikes near 17,900 contracts. The Put/Call Ratio is 0.14. Earnings are expected on May 2nd.

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