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 19,872 calls trading, 1.5x expected, and implied vol increasing over 1 point to 53.48%. 3/22 weekly 19 calls and 3/22 weekly 20 calls are the most active options, with total volume in those strikes near 11,800 contracts. The Put/Call Ratio is 0.09. Earnings are expected on May 2nd.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Related Articles
TheFlyPenn Entertainment files ot sell 469K shares of common stock
TheFlyBet On It: Diamond Sports and FanDuel reach naming rights agreement
TheFlyPenn Entertainment price target raised to $20 from $18 at Wells Fargo
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App